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Fortune
Fortune
Will Daniel

Wall Street's ‘Dr. Doom’ says a severe recession will cause stocks to drop 25%—and warns zombie companies are in danger

Nouriel Roubini, chief executive officer of Roubini Macro Associates, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 8, 2019. (Credit: Joe Buglewicz/Bloomberg via Getty Images)

They call him “Dr. Doom” for a reason. Nouriel Roubini, professor emeritus at New York University’s Stern School of Business and CEO of Roubini Macro Associates, has a history of making pessimistic—but often prophetic—economic forecasts. 

The man who spotted the 2008 U.S. housing bust and subsequent Great Financial Crisis (GFC) has warned throughout 2022 that a U.S. recession is inevitable and a global stagflationary debt crisis will follow.

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