In November, Nouriel Roubini, CEO of Roubini Macro Associates, lived up to his nickname in an interview with Fortune. “Dr. Doom” warned that the global economy was facing a “variant of another Great Depression” due to rising public and private debts, stubborn inflation, aggressive interest rate hikes, and a number of other “mega threats.”
A key excerpt from the more than hour-long interview that didn’t make the final edit seems relevant today. Roubini warned that when one sector of the economy has problems with debt and profitability, those problems “can morph into a banking crisis.”
