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By Staff Reporters
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- Nouriel Roubini says the economy is headed for a “doom loop”. That’s due to three stressors in the economy, which will leave the Fed unable to fight a recession. Roubini, who called the 2008 downturn, has long warned of imminent financial chaos. And, he has more dire words of warning for the economy.
“Dr. Doom” warned in a column this week that the US face a major financial crisis and the economy is entering what he calls a “doom loop”.
In an op-ed for Project Syndicate on Thursday, Roubini forecasted a coming cycle of economic pain, as the US struggling under both high inflation and high debt burdens. Those issues perpetuate each other, he said, warning of a recession and impending financial crisis that would only get worse the longer it dragged on.
CITE: https://www.r2library.com/Resource
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During an appearance on “Fox & Friends Weekend,” Breitbart economics editor John Carney warned that the dollar’s feeble valuation could be a “serious threat” to the U.S.’s crucial influence on the world stage.
“”[It’s] not only a serious threat, I think it is inevitable. We went through three stages, as you said, after World War II. The U.S. was the biggest economy in the world. In the 1970s, global banking became basically dollar central. With the fall of the Soviet Union, the entire world, more or less, came under the domination of the U.S dollar…”
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INVITE MARCINKO: https://medicalexecutivepost.com/2023/02/07/should-you-invite-dr-marcinko-to-speak-at-your-next-seminar-or-event/
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Funding Basics, Investing, Op-Editorials, Touring with Marcinko | Tagged: Breitbart, david marcinko, doom loop, Fox & Friends, John Carney, Marcinko, Nouriel Roubini, project syndicate, recession, Roubini |
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