What is a stagflationary debt crisis? This is what economists think we are headed for.
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Let’s be clear: a “stagflationary debt crisis” is not what all economists think we are heading for, it’s what “Dr. Doom” Nouriel Roubini thinks is going to happen. Roubini has correctly predicted 25 of the last 3 recessions. The man wakes up thinking the world is going to end.
Stagflation is a period where the economy is doubly impacted by increased inflation and stagnant growth (or even a recession).
He also believes there will be a debt crisis, since personal and country-owned debt ratios are high so he thinks those markets will collapse as well.
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