Kitco News, Released on 1/9/23
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, ‘Megathreats,’ as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming ‘megathreats,’ using commodities like gold. He spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.
0:00 – The Great Stagflation
5:57 – Recession, hard landing in 2023
9:19 – Fed pivot or pause
13:53 – Mother of all debt crises
17:16 – Markets in 2023
20:44 – Dystopia and ‘Megathreats’ book
26:35 – Geopolitical tensions
39:21 – Investment implications
Nouriel Roubini, a professor at NYU’s Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.