MarketWatch/Nouriel Roubini/12-3-2022
Cartoon courtesy of MichaelPRamirez.com
“The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in recent decades.”
USAGOLD note: The latest from Roubini… He reiterates that we are up against the worst of the 1970s combined with the worst of the 2008 financial crisis. “The mother of all stagflationary debt crises,” he concludes, “can be postponed, not avoided.”
