Post by Tim on Sept 14, 2018 15:44:14 GMT
The anniversary of the financial crash has clearly triggered lots of thoughts about the next one.
Here are some words (courtesy of the BBC) from one of the few people who predicted the least one
Dr Doom sees severe crisis ahead
Economics Professor Nouriel Roubini was one of the few economists to see the 2008 financial crisis coming.
His gloomy outlook has earned him the nickname Dr Doom.
In his latest column he explains why another recession is likely and why it could be even more severe.
"Unlike in 2008, when governments had the policy tools needed to prevent a free fall, the policymakers who must confront the next downturn will have their hands tied while overall debt levels are higher than during the previous crisis," he said.
"When it comes, the next crisis and recession could be even more severe and prolonged than the last."
