2020 White Swans: US-Iran war; COVID19 wrecks global economy; US-China cold war escalates; 1st global cyberwar btw US & China/Iran/Russia/NK; nuclear option of China dumping US Treas reserves shocks bond yields; political violence in US; severe climate shocks; new GFC/recession
Project Syndicate on Twitter
”Forget the unforeseeable black swans; the entirely predicable white swan crises looming on the horizon are already almost too numerous to count...
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Forget the unforeseeable black swans; the entirely predicable white swan crises looming on the horizon are already almost too numerous to count, warns @Nouriel on #coronavirusus #IranvsUSA China, #climatechange, and more https://t.co/GUF6q8D1Wl
2020 White Swans: US-Iran war; COVID19 wrecks global economy; US-China cold war escalates; 1st global cyberwar btw US & China/Iran/Russia/NK; nuclear option of China dumping US Treas reserves shocks bond yields; political violence in US; severe climate shocks; new GFC/recession
In an op-ed, Prof @Nouriel Roubini argues that global financial markets are in denial of potential crises that may arise in 2020, via @ProSyn: https://t.co/Z4qZRRiDMv
Nouriel Roubini is a professor of economics at New York University’s Stern School of Business. 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
Why Financial Markets’ New Exuberance Is Irrational
Owing to a recent easing of both Sino-American tensions and monetary policies, many investors seem to be betting on another era of expansion for the global economy. But they would do well to remember that the fundamental risks to growth remain, and are actually...
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