Nouriel Roubini Says a Stagflationary Debt Crisis Is on the Way
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- Опубліковано 1 жов 2024
- Jul.28 -- Nouriel Roubini, CEO at Roubini Macroassociates, discusses his stagflation concerns as he sees the potential for 1970’s-style inflation. He speaks on “Bloomberg Surveillance.”
Give him a longer segment, we want to hear him out....
We want depression. 😂
Yeah it's great that a legacy company with high production budgets are putting their vids on youtube, but they could totally leave the cameras running another 20 minutes so we can get a more substantive grasp on the topic. Regular people are starving for this. Hopefully the micropayment industry will accelerate so this becomes easier for them.
Just let him talk. It was very clear we don’t need you to paraphrase him.
This interview demonstrates the disconnect between elites and the rest of society in how Bloomberg responded to Nouriel’s forecast. All they can do is make jokes and give short shrift to our depressing future.
No, it's just that Nouriel make a big depressing melting pot of everything without giving real numbers. Most of the thing he says can happen but will be temporary and not of a scale to be unmanageble
@Clec Torres literally everything is temporary.
@@giannidc1207 what numbers? its fundamental analysis and the "interview"is not set up for numbers, is it? they can't even let the man talk for 20 seconds without jerking each other off. The interviewers should let the man finish his points, period.
That’s true, complete disconnect.
You have a point, voted up.
I agree with everything Roubini says, except he lets the Fed off the hook. We may be in a debt trap, but it's the Fed that set the trap in the first place. The monetary policy mistakes go back to Greenspan, and the Fed has done everything wrong ever since.
Any opinions on Bernanke and his QE expansions during his tenure? He saw no implicit risks in it
Greenspan, Reagan, Thatcher, Clinton and Blair… and our fates were sealed. We tend to reap what we sow.
I think Peter Schiff is correct. (I am from Europe). I love your work Peter. I am also economist. If you like, we can be in contact. Sry for my English, I am not native speaker.
@@mick947 can you provide some detail about Thatcher and Blair? what exactly did they do or what were they involved in? thanks for the reply in advance!
Politicians are simply kicking the 💣 down the road, let’s see who the unlucky one ☝️
Roubini sounded like a man who’d been to the future. What he said is becoming true.
I don’t always agree with Rubini but he’s right here. Laid down the hammer today, the Fed is between a rock and a hard place.
I don’t always drink beer. But when I do, I make it a Dos Equis. Stay thirsty my friend.
He generally gets it right. Brilliant gentleman.
@@vcoonrod yeah, once every ten years 🤣
@@TheTayuLin he’s just saying boom bust. 100% correct. Any asshole can tell you the market is going up. They don’t have a clue about what the Fed is doing and what will be the result. Sounds like you don’t either.
@@TheTayuLin that's a lot better then 90% of the economists out there.
Like many have said your insulting your guest and our intelligence cutting him short. Those with the attention span if a fruit fly aren't going to be watching this anyway. We came here to hear what he had to say. All of it. Second there is no need to apologise for giving a negative outlook if it's based on facts and historical precedent. I don't see your presenters making apologies for guests making unjustified pumping of stocks when the facts don't agree. If the market goes up 80 percent of the time and down 20 percent what's wrong with a decent fraction of your guests being negative. The reason I wanted to listen to Roubini is he doesn't have a vested interest in pumping stocks, unlike so many of your guests
so I have a chance of an unbiased view for a change.
Let him talk, don’t be so rude.
Fire the bald reporter for being disrespectful...let him speak...
Peter Schiff predicted this 10 years ago, he said when you go down this road of printing money you get stagflation.
@@cassinitakano5736 what will hapoen with crypto
Either huge up or down
@@cassinitakano5736 I am focused on Cardano ADA, it looks like the winner in that crypto race, I see it better than Ethereum if all goes well with smart contracts, Ethereum has no top token supply and like Dogecoin is inflationary producing burning limitless i.e. who controls that heeeey
Bitcoin has 21million in supply Cardano 45 billions and finish
I think it has to have limited supply i.e. being deflationary so it might suck a lot of value if shit goes down, much more than gold because it's digital no intermediaries decentralized scalable secured offers smart contracts dApps NFTs looks interoperable...
That ADA might really nuke up
What's your analysis
Peter Schiff was wrong for 10 year and still continuing his losses by being short.
@@harekization he was never short, he just bought foreign stocks. You are right thought, he was way to early on his predictions but as he said himself he didn’t think that the world would follow US mistakes, they did though. Peter is just early.
Check out what Warren Buffett and Micheal Burry are saying, they are warning about the same things as Peter
@@AnemosFPV You are right I dont mean short literally but he was wrong to trade against the us government that’s something buffett warns about. Warren Buffet still buying apple stock and regretting he sold what he did.
Burry will eventually get a good hit off a pull back but he’s incredibly early too. not convinced there’s money in what bears do vs just buying the dip IMHO
This show needs to dedicate more time to Nouriel's diverse comments. Trying to reduce a complex issue to a few talking points is crazy!
If you’ve been listing to Dr. Roubini, you’ll know he only need 1 sec for his segment. “Market is going to crash!”
Lol diverse comments…he trashes dollars, gold, bitcoin …there’s only two types of money ..inflationary and deflationary..he has no solutions just worries
In other words..he provides no value to real world issues just bytch all day
Tech is deflationary so what the Feds are doing with inflating the money supply to promote job grow won’t work and it hasn’t ….you need a deflationary currency that have appreciating power inverse to the USD. Money has value not assets
Debt trap lol..it’s a symptom of debt base monetary system ..he’s screaming at something that is by design. Debt = money. Reduce debt, reduce money supply. = deflation. Increase debt, increase money supply = inflation
Roubini just gave us a book's worth of information in a 8 minute interview :).
He did hit a number of interesting points, Roubini is talking political economy while the others want a financial projection/prediction.
yeah a book of shit
The interviewers are so bloody annoying. Let the man speak!!!
Who cares if the news is depressing, we want the truth.
Nouriel will not be invited to speak soon, just like Peter Schiff before him.
Exactly!
This interview was on Bloomberg Market Surveillance podcast. Funny how right after this one, they pasted a bullish interview of Joseph Stiglitz reassuring auditors that all is fine, those dark predictions won't happen, please look away, don't ask questions and have a good night...
Looks like the man was absolutely correct.
Nouriel certainly called it right so far...............
This man knows what will be coming.....
This comment aged well
“Noriel theres so much to get through just get to the final point if you can please” 😂
He just want to hear him say “ market is going to crash”
He thinks he is in a lecture hall.
The interviewer is so annoying...
The interviewer has one of the most brilliant economists in the world on, and he keeps interrupting him. Roubini is perfectly clear. Let him talk.
There's no turning back the amount of printing the Fed has done. Deflation 1st then stagflation and on to hyperinflation
How do you prepare for that scenario?
@@cathyg1099 research it
word salad. I don't think you know what any of these terms mean.
@@cathyg1099 Watch the documentary Mad Max??? Some guy named Mel Gibson was in it!!!🤔
@@mariooliveira6780 😄
Wow, the hosts were outright rude to Nouriel. What gives?
He knows too much.
Who's the british guy, maybe they want to get back to Tom talking about what the maple leafs will do next season??? Jonathan waited the whole interview to say 'i tell everyone your a very happy guy', can you be more patronizing? Tom Keene is really good the others send them back to doing the weather or wherever the hell they came from.
We can give these guys the 🍍 Trophy as The Worst Interviewers ever.
Doomsday word salad with Italian dressing.
This guy has been predicting doomsday since 2007..he’ll eventually be right.
TBF, they've been kicking the can down the road since 2008.
Same with Schiff.
***SHITCOINS ARE YOU GUYS NAAATS***
😂💪
We all now know what’s going to happen. Inflating prices with no wage inflation. That’s not a good thing. Wages won’t be going up because demographics, China wages, levels of debt and technology is forcing those down. That means we all get poorer with rising prices. It seems to me that we will end up at the same place as if the Fed tightened - in a debt depression. It’s not so easy to inflate your way out of debt, when the economy is stagnant. Somewhere around the world, some country will take the opposite policy route than the Fed and taper. That will cause regional depressions, while others inflate. That’s when the societal strife starts to rise too fast for our own good.
There is no way for upcoming generations to afford the luxury most baby boomers and millennials have enjoyed. Life is changing and power is shifting to Asia. China is not the only country to focus here since entire Asia has seen growth like never before. US $ will be losing most of its value in the coming years & the amount of corporate bonds debt along with consumer debt will bring final nails to the US economy.
“I’m a happy guy but I’m honest about the future”
Schiff was right
Crypto is a scam.
Bingo. Nailed it. Death trap--damned if they do damned if they don't.
Too depressing for Bloomberg!
They love it when Nouriel gives his "Mad Economist Prophet" forecast......BUT
he must close with: "....And we all lived happily ever after!!"
想多了。
We already have inflation (very coyly), instead of 59oz. orange juice we have 52oz. now at the same price or a little higher, etc.
Were you born yesterday? This has been happening since the beginning of time.
Stagflation beats deflation, fact. Roubini is trying to look ahead and at the bigger picture, the hosts want a prediction of what's going to happen over the next quarter or two for financial markets.
NOT VULCANIZATION............BALKANIIZATION! What next Vampirification?
Amazing after 40 years of everything economically going up except wages in the lower quartile, that giving the lowest earning workers an income that finally corrects what boomers and Reagan stigmatized is somehow a **bad** thing.
People who work should be compensated with a livable wage. His austerity solution will eventually lead to violent populism, that’s the third hard rock they’re stuck between.
I think he’s right about inflation risks, but I don’t think it’s written in stone. The Fed and government have created a combination of policies that finally force wage correction. That’s amazing!
Crazy gambit but of all the gambles they could take, I think it’s the best one socioeconomically and geopolitically
Sounds like we need the rich to pay some taxes to pay for a hefty infrastructure stimulus :-)
I think this guy has nailed it. Lets see in 1 year how this ages.
Unbelievable how many things have happened so far.
He has been saying the same thing again and again. I think he forgot to say that he will die from heart attack from all this panic spasm !
Physical SUpplies bottlen ext is due to too much money printed chasing few goods.
High inflation is already here! Also, interviewer said Istanbul! Why did you print Constantinople!!!???
I bet you this clowns kids DON'T respect him.
Economists are not so good at predicting the future when faced with completely unprecedented circumstances (when was the last time the whole world emerged from a pandemic?). Of course, they could be right, but these same people were not worried about debt when Trump was president, or inflation when he passed a huge deficit-financed tax cut AT full-employment GDP. Of course, supply-side economics supposedly shifts out the aggregate supply curve and can't cause inflation, but if we just had one of those a few years ago why would there be in mortal danger of either inflation or recession, let alone both? Most likely, they'll be a few hiccups and we'll return to where we were before Covid. Maybe the Fed will have to cool down the economy. But I trust their judgment a lot more than all these hypocritical chicken littles.
If people are not smart and made to work 10-12 hrs day for livelihood central banks will dictate the future. Even if they are wrong no worries for those making policy they are all covered by countries getting paid millions of money for policy that's making rich richer and others to depend on luck and nature to feed themselves. Tappering I can't see before 2024. Loose fiscal policy basically financing rich countries lifestyle in expense of poor people in emerging and poor countries. Money has no relationship to happiness people at least realised this in pandemic. Lot things to work on for happiness.
It has bottomed out, and this is the best time. Fortunately, I didn't suffer any losses on this plunge, thanks to a professional analyst who managed to raise my $500 to $4,850, which is great. thank him
dr doom and gloom at it again, pure entertainment
He was right in 2015-2017, he correctly predicted the housing crash. History repeats with same name calling.
@@johnnyhshify well a dead clock is right twice a day
@@insearchofvalue8034 recession and FC doesn't happen daily
So the cold war, trade war with China is not real? Wait until the poor can no longer afford Walmart products. It'll be South Africa times ten.
"Balkanization".... NOT "Vulcanization" 🤦♂️
A little more gloom please. That was not depressing enough
The reporter was beyond rude. No way to speak to a guest. Nouriel had fantastic points with explanations that by nature are complex. If they wanted simple answers to complex problems, they should have prepared him, ask him for his answers prior to the interview and then help him shorten them. Instead, they act unprofessional and as if they did not know how to do an educated interview.
Blah, blah, blah from the never did anything, but I know everything, listen to me I have great degrees guy. I’m sure something in that mess of discourse will eventually come true.
This is why I prefer long form interviews over the big media news type interviews. That bald dude was rude as hell cutting him off. This type of topic can’t be covered in 2 minute sound bites. He needs a good 20-30 minute interview. And the lady only giving him one minute about what the fed could do in this situation was not enough time.
Thank you sooo much Alan Greenspan for this fuckkng disaster bomb waiting to go off .. this is his legacy
There is not debt crisis simply because cb do not want printed debt back otherwise we could have debt crisis long time ago .Broken supply chains are real problem.
Only problem is the fed will triple down until it basically folds the US (the world?) in a 1,000% debt to gdp crisis. Negative rates in the cards
If they actually raised and got Hawkish they would be incapable of affording they servicing of their massive balance sheet
Thanks for the capitalism. Nouriel why don't you lie?
You know when this guy is proven right he will not be allowed back on tv right? 😂😂😂
roubini has been a bear since 2008 right i wonder what his investment portfolio looks like for the last 13 years
Bloomberg couldn’t handle the truth of his heat! They woked out…😡
Isn't this the most discredited clown "economist"? Why is he even around?
Just about nothing this man said one year ago has come true. Does he listen to his speeches….. ever?
as usual interuptions when nouriel speaks. but at least not as bad as cnbc 🤷♀️
Damn! This man is amazing!!
Vulcanization?! Balkanization…what a weird term to censor…
Man doesn't matter what he says nobody can understand what he's saying so it's really not relevant
Legend. I would have loved to hear him bash cryptos for a few minutes to make this the perfect interview.
Peter Schiff has been warning us about this for a decade.
OMG Gloom & Doom!
I appreciate the honesty, but now I need to take a tranquilizer!
Roubini an ear ache to listen to. I've listened to him quite a bit, and just can't do it anymore. He is 'always' right, and he is 'always' negative. He is not the know all be all he boast's to be. IMHO
He is the angel on your shoulder that make you lose money by afraid of investing.
Geez, is Bloomberg turning into CNBC?
He's right. But the fed is good at kicking the can down the road.
exactly!
I accidentally hit pause at 36 seconds and it was " we will see agro demand rise , we will suffer " ....
then don't invite negative people on msm
Me not impressed
Nouriel is finally speaking some sense!
Roubini upbeat as usual.......
He speaks so fast
9 months and here we are....
Dr. Doom at it once again.
Just endless ranting, yikes
So what’s the positioning for this potential outcome? Hard assets? Energy/commodities? Gold/crypto?
Buy gold and silver
I wanted to hear him.
This man is legend.
This guy is a clown
Dr. Realist
DR DOOM!!!!
First time ever seen Nouriel smile. Amazing!!
He was right!!!
We keep talking about technology and how it is going to save the world economy and there is an element of truth in that. But the technology advocates - of which I am one - need to keep a balanced perspective. You can't eat technology. You can't wear it and it won't heat your home. Personally, I concur with Mr Roubini. Debt is at the root of all of our current economic challenges; in our homes in the global marketplace and in the halls of government. The longer we wait to address the issue the worse it will be. And like Mr Roubini, I fear that there is no appetite to do so and consequently things will unfold exactly as he and Jeff Booth are predicting - inflation, stagnation - a sustained global depression, protectionism and eventually, war.
That sounds interesting, but I'm not sure it's even coherent. lol
bullshit 😂😂
damn called it
He nailed it.
What you talked about has very little to do with interest rates, price inflation, driven by wage demands, but weak economy you don’t need to dampen, in fact stimulate. Can’t raise rates. Need to address supply side bottlenecks, allow oil exploration, train the workforce, make things in US.
I’m stressed