In a recently published article, Nouriel Roubini, one of the most trusted economists on the planet, predicts: “By 2020, the conditions will be ripe for a financial crisis, followed by a global recession.” He states ten reasons for his prediction that we can thusly synthesize: In the United States, growth will be dwarfed because of fiscal stimulus losing efficiency, commercial tensions and rising interest rates. Europe and emerging countries will also experiment slower growth. “Moreover, the leverage in many emerging markets and some advanced economies is clearly excessive,” explains the American economist, underlining the excessive height of the stock market and the “the risk of illiquidity and fire sales/undershooting.”

We can share his analysis, globally, even if he is obviously biased toward Trump. Nouriel Roubini goes even as far as predicting that Donald Trump will start a war with Iran to make a diversion from the declining growth… On the contrary, it seems the…

Original source: https://www.goldbroker.com/news/nouriel-roubini-predicts-crisis-by-2020-what-to-make-of-it-1415

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