Dubbed Dr Doom for his "doom and gloom" predictions about the global economy, the market expert and noted economist, Nouriel Roubini, has warned about a "long and painful" recession, with stocks falling by nearly 40% and the "pain" being felt by everyone, including debt-laden corporations and households. For those who are old enough to remember, … Continue reading Dr Doom, Nouriel Roubini, Warns Of A “Long and Painful” Recession in 2023. He Got It Right In 2008! Here’s Why He Is Spot On Now As Well!
Another recession is on the horizon. What's new, one might say, especially when booms and busts are regarded as capitalism's "natural" trend cycles, which keep repeating. For the last five decades, "everyone and their dog" have put their faith and money in the neoliberal way of ordering economies and societies. So, it is not fair … Continue reading Another Recession Looms! Yawn! Deja Vu! And Why It Would NOT Be “Different” This Time