Nouriel Roubini Sees A Bad Recovery, Then Inflation, Then A Depression
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 4 May 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
During the last crisis, the economist Nouriel Roubini earned the nickname “Dr. Doom” for his ominous prognostications about the economy and financial system. While he prefers the moniker “Dr. Realist” Roubini is once again extremely negative. On this week’s episode he explains why he sees a poor recovery, then a bout of inflation, and then ultimately a depression in the wake of this crisis.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com slash Canadian Finance slash radio. Hello and welcome to another episode of the Odd Lots Podcast. I'm Joe Wiesentholts podcast. I'm Tracy Allaway. |
| 0:46.0 | And I'm Joe Wisenthol. |
| 0:48.0 | So Joe, you know all those economic recovery shape letters that everyone's talking about? |
| 0:55.6 | Yes, W V, U, L, lowercase V, the square root sign, K. I've seen them all. There's some really esoteric ones out there. |
| 1:09.1 | So what do you think is the most sort of bearish out of all those shapes or letters or symbols or whatever? |
| 1:17.0 | That's a good question. I mean, probably, I guess the L or the U. Something like that. I mean, anything that doesn't, isn't premised on there being some sort of snab back. Also, maybe just the I, just a straight letter down. They just never, never comes back. I suppose that's a possibility too that |
| 1:35.2 | people don't talk about. I'm glad you said I. So I actually hadn't heard that many |
| 1:41.0 | people talking about this letter, but yes, there is an I-shaped economic |
| 1:44.9 | recovery, which is a straight line going down, so it's really not an economic recovery at all. |
| 1:51.5 | And it's probably the most bearish of all the forecasts and the person we're going to speak to today is someone who has |
| 1:58.0 | written about that eye possibility. |
| 2:01.2 | Yes so I'm looking forward to our talk today. |
| 2:06.0 | It's someone who's going to be very well known to our audience who in the past, |
| 2:11.0 | and I don't even know if it's rightly or wrongly I'm not even sure where he if he |
| 2:15.7 | always embraced the nickname but nonetheless his nickname |
| 2:19.8 | Dr. Doom became many people would have heard it during the last crisis. |
... |
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