Apocalypse-Proof Investments with Nouriel Roubini

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 4 January 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

World-renowned economist Nouriel Roubini was given the nickname “Dr. Doom” after voicing his concerns on the housing market… right before the housing crash in ’08. As it turned out, he wasn’t fear-mongering, he was just paying attention. While he doesn’t like this nickname, on today's episode, Nouriel tells Nicole that a little doom-and-gloom isn’t a bad thing; if you expect the worst and hope for the best, you can protect your finances from major downturns. In this episode, he tells Nicole how to do that in the face of the current financial landscape. Plus, Nouriel slams crypto so emphatically that even the most passionate crypto bros might start second-guessing themselves. You can find Nouriel's latest book, Megathreats, here: https://nourielroubini.com/books-op-eds/

Transcript

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0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some money we have.
0:16.5	Since 2022, I think we've all had a, what's the next curveball attitude?
0:21.1	Globally, we've all had major challenges thrown our way since the outset of the pandemic.
0:26.0	And all of these challenges have affected our finances, often for the worst.
0:30.3	I know this all sounds a little doom and gloom, but my guest today has an outlook that
0:34.3	a little doom isn't the worst thing.
0:37.3	Today I'm talking to Dr. Noreal Rabini, who is a rock star in the finance community
0:42.0	and is debatably the most famous and well respected economist of our time.
0:47.3	And he has a resume to match.
0:49.2	He is Professor Emeritus and Professor of Economics at Stern School of Business at NYU, in
0:55.5	the late 90s.
0:56.5	He served as the senior economist for International Affairs on the White House Council of Economic
1:01.8	Affairs and the IMF, the International Monetary Fund and the World Bank are among other prestigious
1:08.0	institutions that had drawn on his consulting experience.
1:11.3	He was given the nickname Dr. Doom after voicing his concerns on the housing market, right
1:16.4	before the housing crash in 2008.
1:19.9	So as it turns out, he wasn't fear-mongering.
1:23.1	He was just paying attention.
1:24.8	While he doesn't like the nickname, I think he'd also argue that a little dose of doom
1:29.1	isn't all that bad.
1:30.5	So long as you're not actually resigning yourself to Doom's day, and instead looking realistically
	...

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