Nouriel Roubini: Outlook for the Global Economy
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- Опубліковано 4 лип 2024
- At the 2021 Greenwich Economic Forum, world famous economist, Nouriel Roubini sat down with Robert Armstrong of the Financial Times to discuss "THE OUTLOOK FOR THE GLOBAL ECONOMY: UPSIDE AND DOWNSIDE RISKS".
- Фільми й анімація
Noriel is a brilliant economist
Thank you for sharing your information ❗️
This guy is funny. Says it how it is everytime and it's never good news.
You know, considering every country seems to be in debt and considering the billionaires of the world cannot leave the planet and considering the power that all the large countries have in the world to cripple small countries and islands that act as tax havens, why don't they just tax all the billionaires and corporations through a windfall tax which would be paid as a kind of global tax that wipes out the global debt. I mean, they already do this kind of thing for the oil in places like Iraq. While this suggestion might not be desirable to the few countries that have no debts it would certainly solve the problem, no? And it could usher in a proper global tax system to counter the adverse control multi-national corporations have on national economies where they play countries off against each other. If they don't want to do that then it might be best to invade the small islands currently acting as tax havens to get money from the corporations and super-rich unwilling to pay taxes and use that to pay off the debts. I mean, we confiscate the assets of drug dealers that poison people with their drugs so why not confiscate the assets of corporations that are avoiding taxes and stripping ordinary people of their dignity and leading them to lose their homes, job and even their lives. Indeed, if everyone in the hedge funds etc knows the bubble is going to burst soon and keep telling folk it is going to happen then they could take one for the team by voluntarily turning over their profits to pay down the debt. It seems they have a moral imperative to do so. You know, just like you would have a moral imperative to phone the police if you saw someone shooting at someone in the street. I mean, would you stand by and let somone murder someone? By standing-by as the hedge funds etc are doing they will be indirectly responsible for the rise in suicide rates etc that will follow as a result of this bubble bursting. After all, that's what happened the last time we had a Great Depression.
If water 💧 is scarce, why build semiconductor facility in Arizona?
Because the semiconductor plants recycle 95%+ of the water.
Very nice
Hello
Globalization cannot die fast enough, IMO.
Serious bourgeois economists have become a rare sight these days. But as marxists, we gotta admit Roubini is one.
Pretty realistic and negative...even before the current Compound Supply Shock. The bone was weak to begin with, was broken by Covid, and then the war in Ukraine pushed that sharp bone right through the muscle and skin.
Minsky Moment.....arriving
NR is not a fat man any more☮️