“”Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40%”
September 20, 2022
“Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500…
“Even in a plain vanilla recession, the S&P 500 can fall by 30%,” said Roubini, chairman and chief executive officer of Roubini Macro Associates, in an interview Monday. In “a real hard landing,” which he expects, it could fall 40%…”
https://finance.yahoo.com/news/dr-doom-roubini-expects-long-133002647.html
This is not hard to predict. Do people understand we have food shortages coming? This is not good. This is not good at all.