Recession: Nouriel Roubini

recession: In our call of the day, Roubini examines the growing risk of a 2020 recession and the specter of crisis in an already fragile global economy, according to Market Watch. A severe enough shock could usher in a global recession, even if central banks respond rapidly.' Nouriel Roubini Last year, he warned of 10 potential downside risks that could lead to a global recession next year. While a hawkish Fed no longer looms large over this aging bull market, Nouriel Roubini, NYU economics professor and perhaps the media's favorite permabear, now says the world has an even bigger problem on its hands. A friendlier Fed, he says, removes one of them, but the others are still firmly in play and have emerged as more dangerous than before. There are added risks associated with the rise of newer forms of debt, including in many emerging markets, where much borrowing is denominated in foreign currencies. U.S. equity markets have remained frothy since our initial commentary, he wrote. (news.financializer.com). As reported in the news.