Nouriel Roubini Sees A Bad Recovery And A Depression After Covid-19

[@Rubariton]

Awesome content, really love Nouriel Roubini and his no nosense views. I dont consider him negative, this is just his views on things

[@lukemckee9772]

It's more realistic than negative

[@Rubariton]

@Burt Macklin I dont agree. The soreading of jobs/skills required for jobs is way more complex today then it has ever been. No schooling? No job. Go figure with a society that all needs to school to other jobs. Thus I agree. It will take 2-3 years to GET in the shit and then it will take another amount of time to get out of it. Resulting in a new society with a different jobmarket

[@thejohnnerparty]

To the interviewers: He is not negative. He is laying bare the simple facts. We're screwed because of bad fiscal policy, bad monetary policy and a very bad Congress.

[@josephadamo1933]

It illuminates their blatant disconnect from the working class.

[@tomtesoro7994]

@@josephadamo1933 1930's have returned.. WITHOUT FDR!

[@juanzingarello4005]

Uh no. He’s negative. Every year he had predicted a depression of some sorts. He is dwelling on his fame for predicting the one day it was going to rain in 2008. As for the bad fiscal policies, this is nothing new. This has been happening since the Great Depression yet Americans somehow manage to get through it. I’m tired of these “kill yourself now before it’s too late” doomsayers that clearly don’t have anything better to do with their time.

[@user-ks1hp2pb5g]

@@juanzingarello4005 Wait, when did he predict a depression for last year?

[@Krath1988]

How they react to Nouriel's views just shows what bubble they are from so clearly

[@gabyz.2585]

100%

[@dna1238]

Dr Realist has been unfairly tagged Dr "Doom". Mr Roubini is well researched and has certainly earned my respect since I have started listening to me. I of course had to get past the media's labeling of him first. The man is highly knowledgeable 💯, Great Show

[@martin-cheers]

No doubt he is very knowledgeable and worth listening to, but I wouldn't say that the Dr. Doom tag is completely unwarranted as he always present worst case scenarios and he often been wrong. I don't doubt however, that he is correct that there will be a longer term price to pay for what is going on right now.

[@dna1238]

@reverse_halo Apologies I meant to write " listening to him" finger troubles exacerbated by Covid 19 ⚠️

[@Worldly40]

He is so absolutely right !!! The economy was already in trouble before COVID-19. If we stop importing cheap stuff, we will have to take the consequence of inflation.

[@janicenichols4591]

I couldn’t agree with him more. Telling it like it is.

[@dirtlump]

Dr. Roubini is so far ahead in his understanding of socio-economic/financial fundamentals, he leaves no ambiguity in his forecasts for those who will listen..... the smart money certainly does !

[@dirtlump]

@@doctorpoopypantz6003 Doofus Poopypants you seem aptly named ? This is a true story.... I am/was self directed, and I listened very carefully to Dr. Roubini very closely for my investment diligence between 2006 until April 2008..... when I then cashed out completely and promptly retired at age 48... never inherited 5 cents in my life... never won a lottery.... never married into money either... and I still live a very comfortable life ? I then listened to Dr. Roubini in 2012 and dabbled just for fun until 2017 when I cashed out once again on his forecasts.... Just say'in..... 'timing' being EVERYTHING as I'm sure you are aware ? are you ? I have NO idea who you are calling dumb for listening to Dr.Roubini ? All I can say his insights as part of my research/due diligence with my investments have set me up for life ? But IMO.... YOU should do exactly as you see fit within your limited mental 'Normalcy Bias'.... Google the term in self reflection.

[@triciahere]

Wow the interviewers are really bizarrely optimistic.

[@sebastian.arancibia]

Bizarrely naive.

[@tima7756]

Some would say they're kind of dumb. Hes like going into depth, thoroughly analyzing the situation from all angles and their response everytime was 'Oh, wow that sure is spooky'. Its like they didn't understand anything he said so they had nothing to add

[@nesq4104]

Its called young and dumb. They want to live in Lala land

[@tairz2013]

The economy is screwed, was screwed, been screwed. Plus they sold us out and sent all the dang manufacturing jobs to china.

[@rock3tcatU233]

Bloomberg has a strong incentive to sell you an optimistic view in order to keep you in the markets for as long as possible, that way they can up sell you their media and terminal subscriptions.

[@AlfredoATA]

I remember back in 2008 when I was a kid I used to think "wow it would suck to be graduating during this recession, thank god im not working yet" Now I had two of my summer internships cancelled and am set to graduate as the United States and potentially the world enters the Greatest Depression, just my luck.

[@AlfredoATA]

@Sorry No Sorry but no, I'm not worried about not being able to buy watches. I'm worried about long food lines, I'm worried about homelessness, I'm worried about increases in suicide and mental illness, I'm worried about societies health in general. Money doesn't give you happiness or meaning, but affects your life whether you want it to or not.

[@dudoji85]

I graduated in 2008. I accepted whatever job I can get at the time and moved onto a better one in 2011 that paid nearly triple. Don't worry you'll be fine! :)

[@webdeuce]

You will be fine young person .... you are just starting ... you can learn from the dummesssttt crap buffoonery we did thinking we are all gonna be the Zuck and make app to rubbish McMansion ..... you will be far better off than colossal cluster F we have to untangle now.......thanks to our Fed Daddy ....... stay positive and strong .... sorry for messing up the world ......

[@martin-cheers]

It's not the easiest time to graduate for sure. If it takes time for you to find a job then it's important that you do an effort to keep your knowledge up to date and if you can, find some productive ways to apply your skills even if they are not big money makers.

[@somchai9033]

If you thought that as a kid you didn’t have much of a childhood.

[@quackula9190]

You don't have to be an economist to know one is coming.

[@gamerchintu]

Clearly these hosts didn't think the same

[@abadplanner1]

Roubini has predicted 8 of the last two recessions.

[@richardbailey2718]

Hahaha good one !

[@adambnz]

Don't try and discredit him with your recycled jokes. He has been on the money with many of his calls and nailed his prediction for the GFC.

[@iqcreative4584]

I HATE DR DOOM

[@xuyizhen00]

Pangolin Steak & Bat Gravy all the bailouts and money printing, accumulating one huge disastrous cake from 27 crisis birthdays for all of us lol

[@juanzingarello4005]

I predict, it will rain in one day the next year. There. I now demand the fame of this guy because I accurately predicted a rainy day happening.

[@brian020461]

If I were Roubini I would refuse to appear on these shows, they just lack respect.

[@peterbrown3944]

This man and Richard wolff are the best down to earth and realistic economics on KZbin. I only wish they could run the government!

[@wittymystic7361]

A landmark restaurant in my city just said they will not reopen....ever. More will follow.

[@simply2ghetto]

Which restaurant is that?

[@ateoh7808]

Dr Roubini spoke the truth, hard to swallow but its the truth.

[@AbbeyRoad69147]

40:42 "Honestly, labor is screwed. They were always screwed. They are screwed more than before, and it's going to be a nightmare."

[@jimo5758]

The reason "labor is screwed" is because, while each laborer brings a measure of value to the table, the owner takes the risk of creating and building the business and is disproportionately rewarded for the risk IF the business succeeds. Of course, since most businesses fail (look it up), most owners are screwed as well. But when a Jeff Bazos or Bill Gates comes along and creates products with high market acceptance, they get rewarded for their efforts. And they create jobs for the laborers. So getting screwed is not so bad.

[@AbbeyRoad69147]

@@jimo5758 i dont think that was his point.

[@beta447]

@@jimo5758 Definitely playing the victim there. Also Jeff Bezos has merely privatized a large catalogue of products. Bill Gates stole his ideas from Apple. These guys are losers. They didn't really do anything.

[@AbbeyRoad69147]

@@beta447 Jeff invented the commoditization of cloud computer services. That is where amazon makes its money. Gates invented the commoditization of the modular personal computer. Even today, you only get Apple OS for Apple hardware. I hope this clarifies the novel buiness model of these companies.

[@kingcountyband]

the irony of the music at the opening credits before a Roubini interview was amazing lol

[@jamiecloud1897]

Yes, I thought it was a very odd choice of music to precede Roubini's "crystal ball" discussion.

[@TomWick]

Nouriel was right. And it’s just getting started.

[@bloodbathmcgrath2717]

Why have somebody on named Doctor Doom and then make fun of him and criticize him for his Outlook... I'd like to smoke a blunt with that guy and talk about the future

[@box0car]

Quit insulting your guests! I hope you both get fired soon!

[@melekDowdbenyah2033]

LoL, unfortunately, all schiel media is doing the same. Remember media employees, they are using you as a useful idiot too>

[@moyo2850]

I think we have been in a depression for years its just stock prices did not reflect it.

[@i_love_rescue_animals]

We haven't been in a depression with unemployment rates lowering steadily from a high (in the last ten years) of 9.6% in 2010 (as a result of the housing and financial crisis) and then it continually lowered, steadily to 3.7% in 2019. Also, here is the definition of a depression from Investopedia (which we were no where near meeting): "A depression is a severe and prolonged downturn in economic activity. In economics, a depression is commonly defined as an extreme recession that lasts three or more years or which leads to a decline in real gross domestic product (GDP) of at least 10 percent."

[@i_love_rescue_animals]

However, (read my other comment first) - I DO feel we may well be headed toward a depression now.

[@moyo2850]

@@i_love_rescue_animals your looking at the qunatative yes more jobs, but the quality of said jobs and their pay never came back. I find GDP a horrible indicator for depressions.

[@i_love_rescue_animals]

@@moyo2850 Well, that is true - and I agree completely - especially if you look at rising health care costs (eating away at any increases in salary or wages). But I'm sure those who went through the real depression would disagree that we've been in a depression for years. However, I will agree that those people who are in socio-economically depressed areas - are living through their own, continual, economic depression.

[@bobingalls4643]

no we haven't. You will see one though..........

[@kurtleong973]

Nouriel Roubini is a realist. Excellent speech that accentuate the over leveraging nature of the current global economy and the unwillingness of government to swallow the bitter pill to initiate structural change to their economy since the 2007/08 financial crisis which now have been undone by Covid 19 crisis. Deglobalization and unlimited QE will lead to Stagflation which will happen in 18-24 months time. The inequality of the have and the have not phenomenon will get uglier and come to a blow. Let's hope cool minds will prevail and we will never go to the slippery path of ultra nationalism and war :(

[@brandonreed09]

Dr. Doom doesn't disappoint 😁

[@Jamiemoring]

Dr Roubini is spot-on. Wait and see!

[@AlmofidBdarija]

Thank you doctor realist.

[@raz1739]

And Market keeps going up like COVID-19 was a fictional movie.

[@bryonmacdonald3125]

Well maybe a false positive Hard to know

[@ss9922]

Employment has dropped by at least 20% at this point. In the Great Depression it fell 19%. We're already in a depression.

[@shangpush]

Could your share the source for your Great Depression stat? And the term "Great Depression" in that stat covers from when to when? It's a great stat, but if I use it in my writing, I want to make sure it's hard facts. Thanks.

[@BossmanVP40]

​@@shangpush scholar.harvard.edu/files/dobbin/files/1993_ts.pdf www.jstor.org/stable/1858346?seq=1

[@marcostation1000]

We are in it you fools.

[@jimo5758]

My money is on the wisdom of Jack Bogle. Diversity and let it ride. Enjoy your life. Go for a walk. Enjoy friends. Love life.

[@rickschucker9697]

Jim O normally I might say yes, not this time! This is something the WORLD has never seen ! If this goes on past July we will see a world wide Depression! It may be too late now? We’ll see.

[@chrisg8834]

This interview had some much needed uncensored realism, to the shock of the interviewers

[@ajg3768]

Professor is right. 20% of unemployment around world, who is thinking of buying house, new car in the near future?

[@raymondnoya5653]

Nobody

[@littlefinger9000]

After lifting the lockdown in the philippines. I think there will be more motorcycles will be sold (scooters) instead of buying a brand new car. Reasons: 1. Cost less than a car 2. Fuel efficient 3. Low maintenance 4. Low risk of getting covid19

[@dustinhughes8776]

hedge funds are probably thinking of buying the houses. cars... not so much.

[@nesq4104]

Me because I actually have cash for once

[@tima7756]

The general public consensus about the economy nowadays is essentially 'We're floating on a raft into the ocean and the weathers been nice for a while, so that must mean the weather is going to be nice forever. Nothing to worry about'

[@dr.eldontyrell-rosen926]

Tim A and as the planks on the front of the raft collapse, central banks are furiously tying bundles of twigs to the back.

[@tkchen80]

​@@dr.eldontyrell-rosen926 And as the standing space gets smaller and smaller, we throw off the poor people doing all the manual labor.

[@yttean98]

Good discussions from a realist view point.

[@sparshparimoo]

Marc Faber is the real Dr Doom. This one only comes around during recessions.

[@somchai9033]

Dr Faber was on the Financial Sense Newshour 18 or 19 years ago saying buy gold at 250 an ounce.

[@malikjackson1203]

The silver lining here is the fact that a lot of these things are dependent upon policy responses that have yet to come. We've yet to put coronavirus past us and start looking at the mess its made, there will opportunities for policymakers to kickstart a new deleveraged economy. But it's up to them.

[@nicholashildenbrand8632]

Do you have that much faith in our current administration? Or even a possible Biden administration?

[@stephen9609]

Just a note for everyone to keep in mind, this guy predicts a recession EVERY SINGLE YEAR. And almost every single year he is wrong, but once every 10 years (as recessions always do happen) he looks like a genius. I remember after the financial crisis everyone wanted his opinion and he kept on predicting more crashes in 2011, 2012, 2013, etc and he was wrong every time. And eventually people just tuned him out. Here we are in another recession, and all of a sudden he pops back up again!

[@davidbradford8542]

You got to admit these economists are on the ball, after all to work out that shutting down your economy for months on end could be detrimental to your economic outlook is impressive.

[@Winkkin]

When you sum it all up The heads of these companies made em look inordinately profitable which under our current structure fed right back to them in the form of high earnings and stock options. Now that the health crisis shut them down, they have large debt service and no revenues, they're going to default and fold. Now for someone who wants to do the research about 300 out of the top 500 business managers took theiri 'Golden Parachutes" and retired ...(knowing the shit show that was coming).

[@amyandnatasha1522]

These interviewers were soooo annoying!!! I'd rather listen to Dr. Doom than these 2 .

[@elizabethlibero1878]

Full Monty helicopter dropping money....love this guy thank you Mr Roubini!

[@gjemd459]

We are in an age of "return of principal" not "return on principal"

[@TomWick]

Tracy and Joe. How surprised are you now about Nouriel’s predictions back in 2020? He said this will really start a couple years after that interview. He seems spot on so far I think. Time to have him back on and recap?

[@xkfmfmzmflel9917]

Indeed, right on spot. Although he was wrong about the U shaped recovery... probably because he never expected that fiscal & monetary stimulus would go on for so long with such agressiveness !

[@tempusfugit3635]

Love him calling “fig leaf” on the diff between monetary and fiscal stimulus, tell it like it is!

[@williams.1980]

Roubini can say it like it is, others can't, especially Chairman of the Fed. In fact not saying it like it is is a very important role of the Fed.

[@ihamptonii]

This podcast has too many commercials!!! Every five minutes!!!

[@i_love_rescue_animals]

I'm so glad I pay for YT Premium - I wouldn't be able to stand the ads!

[@redflag4255]

google has an app called youtube adblocker.......

You have to spend the $9.99 a month to get ad free KZbin prime.

[@LostSoulAscension]

I only see 3 on mine, pretty spread out. I believe that YT monitores you n punishes us with ads when they feel we've done something they dont like. Jk, but... what if.

[@jinx.love.you.]

ad blocks... bro.

[@iqcreative4584]

For one time only I agree with Dr. Doom

[@wonderplanet343]

Avoid people calling for government takeovers of ANY industries now.. Socialized is next to communized and requires violating basic rights and economics :)

[@dr.eldontyrell-rosen926]

Pies Thighsnfries isn't the Fed's purchases of corp bonds just that?

[@cirodirosa6752]

Shame on the hosts and on Bloomberg. Mr. Roubini honest opinion is based on rational thinking. May Bloomberg and these hosts suffer financial hardship for their stupidity.

[@BrodyMulligan]

Damn Roubini knows what is up. Facts.

[@cromana5574]

A lot of truth at the end. It took one decade to create 22 mil. jobs, and 4 weeks to lose 35 Million jobs that won't come back any time soon. Roubin says, about a decade. I agree. Screwed by the shut down.

[@isabella8885]

The amount of ads is just 🤮

[@peredavi]

Good interview despite the usual millennial speak interviewers. He might come off as negative, but it’s the reality. The lower working class and poorly educated are going to have a harder time than in the past. People with high debt loads are in trouble as are corporations with high debt.

[@jasongerke5287]

Joe Wiesenthal and Tracy Alloway - who are you to mock someone that has spent his career mastering a craft. What gives you the right to invite a guest only to be condescending throughout the episode. Highly unprofessional and you should ashamed of your behavior.

[@dr.eldontyrell-rosen926]

Jason Gerke they are literally in shock. Or deep denial?

[@DLKalberg]

Denial is often the only way some people can handle the magnitude of an outlook like the one forecasted here, but it doesn't explain being rude or why he gave them the time of day.

[@glengombik8930]

No body wants to hear the truth. But I have to agree with the views presented.

[@nicholashildenbrand8632]

Thank you Roubini for being honest enough to tell us the truth. So many people are afraid to say anything unless its sunshine and roses. That's a bullshit way of handling life's challenges.

[@pullmanjr]

Like 2000 and 2009 Roubini never sales. He life time buyer despite coming depressions? Just sit back and buy regardless. What good is studying economics . Just buy and hold until you die.

[@jon_______]

Great episode, thank you.

[@rickjames300]

Very annoying wrap up of the interview

[@empirerequiem855]

Yes, you should have asked him where to put your money. Maybe you can ask him next time you have him on, assuming he accepts your invite.

[@Luvbonne]

How Did Joe Weisenthal ever Get on a Bloomberg Podcast ... Listen to Prof Roubini ... He Knows ...

[@casabelavistabv3444]

Very good thanks. Dr realism

[@Mrmarginofsafety]

Dalio has outlined the same outcome in Principals in a different way. What I would like to see from all these talking heads is an all weather portfolio discussion.

[@larryshirkey7685]

I like the content and message but really HATE the constant commercial breaks!

[@Juoa794]

“That was fun”? Better not making fun of Roubini

[@juanzingarello4005]

This guy is like that father of your childhood best friend that used to always catch you in political conversation over how the illuminati this and conspiracy this and how society will crumble and we will all be enslaved to the Rothschilds and Rockefellers and whatnot. I kept wondering what this guys “revolt now before it’s too late” way of talking reminded me of and I remember the father of a best friend of mine who used to talk like this. This guy predicted two of the last 10 recessions and now he is basking in the onetime he was right. And yet here we are. Survived wars, 20 recessions including one Great Depression and one Great Recession. And America and humanity still survives. So if anyone wants to spend the rest of their lives living under a bed in fear, go ahead and listen to this guy. I personally believe society has its high times and low times as shown in the economy.

[@PeterEdwardCaceci]

We are in for an “ F “ shaped recovery. As in We’re Fucked.

[@Battery-kf4vu]

If the US and Europe decouple from China, it is likely what it is relatively easy to manufacture goods that we would start making, and with the advent of AI, most of these goods could be built with robots. So unemployement would remain high, even if it will surely decline from where it is right now.

[@catladynj]

The public is in for a big surprise!!!!! Save every penny....ypu are going to need it.

[@facemaskfrank2726]

The problem with Nouriel Roubini's thesis is he is not properly balancing the pro-growth forces against his well thought out negative-growth forces. He is also flirting with misattributing one problem for another. For example, extreme income inequality does not equate to economic depression in the traditional sense of definition of economic depression. Yes, extreme inequality present a host of social problems and may even threaten the broader economy through extreme political turbulence but we're not slowing down as a nation any time soon from an encroaching inequality problem. Look at China's neckbreaking speed of growth for the past 40 years and think again that extreme inequality has any significant effect on growth. One of the biggest pro-growth forces he didn't even address is the rise of applied artificial intelligence. The groundwork for artificial intelligence has already been laid after decades of research. We are long past the proof of concept phase and are now in the market saturation phase of applied AI. Applied AI is estimated to add an absurd amount of productivity to the world. We may see an additional $20 trillion in added global annual GDP in the next generation. Imagine looking at the series of banking crises leading up to the Great Depression and seeing nothing but doom and failure while ignoring the development of electricity which would ultimate revolutionize our economy and help drive America into a global super power a mere 15 years after 1929. This is where we are at the moment, the AI revolution is about to transform America and the world and increase our productivity so much that America today would be unrecognizable to those just 10 years from now. Nouriel Roubini also seems strangely behind the curve in understanding the cogs/wheels of credit crises and how we can successfully navigate credit crises. Remember that what matters most is productivity growth, credit is just the fuel that powers productivity growth. It is extremely naive to not address the productivity growth (innovation and saturation of technology/knowledge) and pretend as if a credit crisis in of itself can stop or reverse productivity growth for any significant period of time. The Great Depression and its causes has been well studied and we now understand how to alleviate the most detrimental effects of it. Are we still going to have credit crises and credit crunches? Of course. But we know how to minimize long term harmful effects of those crises. At the end of the day, you just need to make sure productive activities has access to the resources they need to be productive. If you do that, the economy will continue to grow.

[@TheUtrain]

FacemaskFrank lol how can u have productivity growth if no one is being productive especially in this virus economy. If there is no consumerism, there is no American economy. Credit lines increasing but productivity decreasing. Credit for stock buybacks and no free cash so ceos need to ask the government for money just to keep stocks afloat and still lay off workers does not seem productive at the slightest. The only reason why economy was doing so well is because people need senseless shit. And we need ppl to to facilitate that. Once that’s gone the rest of the dominoes fall. Ask oil how it’s doing and how it plans to be more productive than sitting on a tanker. As long as it’s doing that we’re gonna sit in our homes too being useless and not buying shit

[@roadtrip2943]

Amazing attitude of interviewer, if i didn't see it coming nobody did . Hey expand your exposure to different views. Some youtube contributors saw it coming before covid based on debt and issues on main st

[@arodriguez2707]

Roubini is the man, i should have interviewed him instead of these clowns.

[@jamesruscheinski8602]

Consider discontinuing U.S. government requirement that banks purchase U.S. treasury bonds, which encourages massive issuance of U.S. debt that causes deflation.

[@christianquintino8103]

Roubini is pessimistic but he has facts , truth is that no one has the courage to say it. It was difficult to accept that WW1 and 2 and 1929 would happen before they did . WE shall see the truth .

[@canad1anadventure]

While you think the Dr.Doom is super negative what I was thinking about was the opportunity to rebuild better than what we have now.

[@johnkennedy1242]

How about the scaremongers tell us which businesses will do well in the near future so we can get into the right business ??!!

[@jacknaneek1681]

Alloway and Wiesenthal couldn’t be more condescending

[@vikkisunflower8899]

Jack Naneek Agree. So obnoxious to their guest. Why invite “dr. Doom” if you only want rainbows blown up your butt?”

[@WhittyPics]

I think he is right too

[@dirtlump]

Does anyone here comprehend "Un-limited QE" ? Do you really ? within the context of current systemic DEBT levels ?

[@kingalfonso3085]

The one thing I will strongly disagree with Nouriel (as well as others) on is returning manufacturing being a detriment. We use to make all this stuff here for decades. TV's, Kitchen Appliances, Automobiles, Telecommunications, textiles, furniture, Computers, etc. How did we survive the 20's, 30's, 40's, 50s, 60s, 70s, and 80s? The only thing that will be affected are your massive profits (you poor thing). Also noticed India doesn't offshore to Pakistan, China doesn't offshore to Vietnam, Mexico doesn't offshore to Guatemala. You know why? Because they are not stupid!!! People being gainfully employed means they are paying taxes and are not on welfare. Also the standard of living increases drastically. Since the USA has begun the process of offshoring, their debt has swelled, middle class has shrunk, and the standard of living has dropped ever year. You don't need a PHD in economics to see the obvious, but is seems good to indoctrinate people in foolish ideology. Lastly, look at the results of this Wuhan Flu. What better example than this to show how offshoring your manufacturing has left you in a massively vulnerable position because you can't even manufacture basic medicine and PPE! How stupid can you be to offshore this? If this were a war, you would get crushed. I also noticed all you pro-offshoring types sure are quiet these days. I guess you don't want to expose your greed and stupidity to the ridicule you so richly deserve!!!

[@MLO514]

🤯 Wow I'm surprised to have noticed the difference between the interviewers and the economist in the way they talk... The economist has a high vocabulary and flow in the rythm of his voice, and the interviewers' rythm is full of intermittent pauses, low-level casual vocabulary and expresions that carry no meaning (e.g. "like... sort of... you know... so ya...") Makes you think about what the qualifications are for such a job... knowledge of industry/topic? ability to contribute quality content??communication skills??? or company clture fit 🤔 Makes me recall stereotypical overpriviledged basic students at my university 🤔

[@jackv6477]

It's because of people like nouriel roubini that we have these problems oh, it's his monetary idealism and methodology that rests on the foundation of Madness and this idea the central banks are there to stimulate the economy, as if it's some sort of normalized root fixed component economics, meanwhile central banks are there only the print the necessary currency that is needed does growth reflects those needed notes of currency to represent the new value created in the market, yes I believe they should play a function but only a function to keep a balance, and to make certain that a nation's currency is backed by its productivity otherwise it will have to compensate with some degree of Precious Metals Holdings to sustain the value of the currency, for instance you can have a nation that is largely supported buy productivity and that productivity reinforces its currency while another Nation relies on consumption and uses its Gold Silver Platinum Palladium and other resources go to support its currency and its consumption oh, then you switch it over and then the other part of the world see the brick masons now they turn to consumption with a big middle class that can support look on something and they begin to use their currency backed by precious metals to consume while the other part of the world focuses on production I only is rewarded with Park precious metals and the currency of that Nation andora's well through a delicate balancing to make certain there is enough precious metals turn back the currencies and even better if we had a new world order currency, One World Currency backed by Gold Silver and other precious metals and the productivity of people in a semi free-market system with of course the elimination of the tumour is cancerous corporate office e we have in this planet that continues to destroy the human Spirit of stakeholders and street sweepers, this system has not given the human Spirit the opportunity to develop soundmine self-worth and maturity as well as in turn from their love empathy and forgiveness because of the massive Monopoly over the economy and the money supply in ways that keeps wealth concentrated in a few hands at the expense of the majority then requiring Wars to depopulate 3 stimulate the economy is with a vicious cycle of trauma of the human spirit that must continue from one generation to another creating a very sick human Spirit from the peak of the pyramid to its foundation. It is ironic that at this point Central planners have such a grip on the world economy and money supply and all social policies that they can at this point through the power that they have a thing over the years to bring about more Freer economy that resembles our ancestors ancient free markets based on the foundation of sound money Gold Silver and the people productivity to hold the value of the one world currency. now that we are going through global economic and social economic geopolitical restructuring of the entire world this would bring about the best opportunity now bring back some forum more Equitable economic freedom on a foundation of sound money

[@paulryaninhi]

Tracy and Joe are weak at best. I agree that Roubini should never have consented to speaking to such air heads.

[@swamykatragadda8661]

Dr Robini is right in most of the things , except on globalization, global delivery system,because it is win - win, only change will be ,less dependency on china. but just like world could not get out of american $, same will be chinese manufacturing.

[@asamarduk2597]

he is 100%

[@Rubariton]

"We are gonna get there but its gonna take 2 or 3 years" *cue to epic **#getrekt** melody* Hahahah

[@todd9031]

Unfortunately what is coming is nothing new as history just continues to repeat itself. I say times like these will segregate our US population as before into; unimaginable poverty and unimaginable wealth, no grey area. I also say a hard cold statement that if one is not working will not live nor prosper versus the one who is working will live and prosper. Defined today as non-essential versus essential.

[@Kangroo11]

In synopsis it is the poor who pay the ultimate price.

[@pretendgallery6760]

Universal Basic Income will change everything. #yanggang

[@dr.eldontyrell-rosen926]

Pretend Gallery that requires political leadership. The current president is mentally out golfing every day.

[@pretendgallery6760]

@@dr.eldontyrell-rosen926 Are there any leaders out there that resonate with you?

[@jinx.love.you.]

Roubini piked the essence of what i was asking to myself when FED and BCE pumped tons of money in the system to keep alive the companies... Zombies... And Japan has them... and that's what happened they had 10 years of stagnation. Then you have Buffet with 130Billion dollars in cash waiting for the next investment.

[@ioannislazaridis4887]

At 45.05'' the journalist asks " What would you do if you were...." Mr. Rubini , to my surprise and big disappointment , doesn't respond at all but continues to explain how and why the global economy will enter in depression. Very disappointed I am with his reaction to a very clear question.

[@TomWick]

lol at the hosts leaving this call shocked and amazed at the predictions. lol

[@opnion2294]

Again each time people predict central banks go and help. now we can see banks and cooperation getting belly up. why people are with a big debt and banks are creating more money ?

[@tonynes3577]

It won't come if you are expecting it to.

[@ZachLwry]

Smart

[@AssadNizam]

Peter Zeihan's Disunited Nations suddenly doesn't look so unrealistically pessimistic anymore huh.

[@mikeshaw5100]

I my view, Balkanization would be between east and west blocks. China would have its owns trading partners mostly in Asian and some in Europe and south America. And we will be isolated trying to force our trading on some other countries.

[@mikeshaw5100]

First 4 minutes is garbage. I listen to him a lot and noticed that all interviewers that are not savvy, confident and knowledgeable call him Dr. Doom.

[@ashleywilliams4149]

The interviewers seem immature and silly as hell.

[@James-mw7zv]

Who gives a F? Mkt will be up because of we are flush with cash. F the naysayers they are always wrong

[@matthiaskubli8132]

These two journalists are horrible to listen to. Please just stop this podcast, doesn't shine a good light on Bloomberg...

[@melekDowdbenyah2033]

LoL, Could they be forced to be any more biased? Remember they're are just a pretty face, director in their ear chides them

[@bigworm3886]

EDIT 10/19/2021: This Interview did not age well at all - he was wrong on almost all accounts except inflation.

[@robt9374]

What this guy said!