It is amazing that world-renowned Economist s frequently revert to weather anologies to explain Macro-Economies.
Roubini Sees Either US Hard Landing or Uncontrolled Inflation
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Nouriel Roubini, chief executive officer of Roubini Macro Associates Inc., during a Bloomberg Television/Radio interview at the Greenwich Economic Forum (GEF) in Greenwich, Connecticut, U.S., on Tuesday, Sept. 21, 2021. The GEF brings together leaders in global finance, business, media and government for global investment forums to discuss the economic implications of the defining issues of our times. Photographer: Jeenah Moon/Bloomberg , Bloomberg
(Bloomberg) -- Economist Nouriel Roubini said there are two options for the US economy, given the Federal Reserve’s most-aggressive tightening campaign in decades: an economic hard landing or inflation at a persistently elevated level.
“The fed funds rate should be going well above 4% -- 4.5%-5% in my view -- to really push inflation towards 2%,” the chairman and chief executive officer of Roubini Macro Associates said in an interview on Bloomberg Television’s “Balance of Power With David Westin” Monday
6 days ago - NourielRoubini, professor emeritus of economics at New York University’s Stern School of Business, is chief economist at Atlas Capital Team and author of the forthcoming “MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them” (Little, Brown and Company, October
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