The U.S. is at the center of three flagstatonary affairs that could knock the country into a recession by next year. This is according to Nouriel Roubini, CEO of Roubini Macro Associates and professor of economics at the NYC Stern School of business.
These threats are the trade and currency war with China, the technology cold war with China, and conflict with Iran that could lead to spike in oil costs.
Apart from pointing out these threats, he also claims:
Such shocks cannot be reversed through monetary or fiscal policy making.
The Fed can’t rescue us from the coming supply-shock recession
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