Posted 11/27/2023, 8:02:00 PM
Roubini Warns of 'Stagflation' Era Ahead with Trillions in Losses as Markets Face Prolonged Downturn
- Investors set to lose tens of trillions of dollars over next decade due to prolonged market downturn, says Roubini
- Persistently high inflation leading to 'stagflation' era with falling equities and bonds
- Current 'bloodbath' in markets likely to continue as economies face threats like aging workforce, deglobalization
- High debt levels create 'debt trap' for central banks trying to curb inflation
- Some countries will allow higher inflation to erode large nominal debt burdens