Leading economies at risk of falling into high-inflation trap, BIS says.
Bank for International Settlements calls for more aggressive action from world’s central banks
Recession in US and Europe ‘increasingly likely’, warn economists.
Aggressive rate rises and European energy supply worries are leading to sharp downgrades
Question # 6: will US/global equity markets rebound from their current bear market or drop much more ?
Question # 5: will central banks remain hawkish and fight inflation regardless of, or will they blink/wimp out and partly give up on inflation fight once a hard landing / financial crash becomes likely leading to a de-anchoring of inflation expectations?
Question #4: if a hard landing/recession materializes will it be a mild short lived “garden variety” recession or a severe lengthy recession with associated financial/debt crisis?
Nouriel Roubini is Professor Emeritus (2021-present), Professor of Economics (1995-2021), Stern School of Business, New York University. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis – a recession we’re only recently rebounding from after a decade climb. READ MORE
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