Nouriel Roubini says predictions for a mild recession are ‘delusional’ as severe financial crisis looms

Bloomberg, Released on 7/25/22

Nouriel Roubini, CEO of Roubini Macro Associates, says calls for mild recession are “totally delusional” due to Federal Reserve policy tightening in the face of a slowing US economy. “We have no fiscal space. So the idea that this is going to be short and shallow, it’s totally delusional,” he says on “Bloomberg Surveillance.”

Nouriel Roubini is the CEO at Roubini Macro Associates, a professor at NYU’s Stern School of Business, and Chairman of Roubini Global Economics. He 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. His latest book is MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them.

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