the 62-year-old Roubini, a professor at the Stern School of Business at New York University. He has previously served as an advisor to many < us-governments , and has worked at the world Bank and the International monetary fund.
It was the international monetary fund, in 2006 he predicted an upcoming american huslånekris that would result in a collapse of the securities market, and in the end will cause a global recession.
it was skeptical, the economy saw in the sound off. Two years later came the financial crisis, which forced the major banks and the states down to its knees and wiped out the 100,000 manufacturing jobs in the Sweden.
”Doctor Doom,” is sometimes known as a chronic pessimist, but the world has come to listen to him, not everyone has access to a little more than one hour of one-on-one with China’s president, Xi Jinping. On Friday, he spoke at a conference in Stockholm, sweden, co-hosted by the Skagen, the funds are:
“ the global Economy has cooled down in the last couple of years. There are a range of different scenarios for the year 2020, however, the most likely cause is that the growth rate of the world is still on a par with the previous year. There will be no global recession.
the History shows that almost every time a new super power challenging the world order so, there will be conflict.
in a positive sign both in the european union, and it is not hard Brexit, and the global level – the so-called phase 1 of the agreement between China and the united states. However, he adds a ”but” in both cases.
“ It is not likely that the Uk will get to an agreement with the EUROPEAN union, during the year, and we are seeing political unrest in Germany, France, Italy, germany and Spain. The market doesn’t like it. And I think that we are going to have a protracted ”cold war” between China and the united states.
He developed it later, follow these steps:
“ History has shown that almost every time a new super power challenging the world order so, there will be conflict. This is the US, the eu, and China) economies ”connected apart”. We have a fragmented global economy, which increases the cost and creates more tension. The U.S. blacklisting of Huawei’s 5G technology is just one of them.
Photo: Peter Schneider
Nouriel Roubini believes that there are other reasons why it could be a shaky year in the united states.
“ We have a riksrättsförhandling and presidentsvalskampanj in front of us, both of which can be ”ugly”, creating a political paralysis and postponed the legislation. There is talk of the risk of manipulation of elections. There is also some uncertainty about the economy, democratic candidates like Elizabeth Warren and Bernie Sanders to pass.
also , the conflict with Iran, as a result, the united states, killed general Qassem Soleimani.
“ the Market thinks at the moment, the matter will be resolved quickly, the likelihood of either an increase in voltage, with or without a component of armed forces. However, it is unlikely a full-scale war, says Nouriel Roubini.
He pointed out that an iranian blockade of the Flies strait, a bottleneck, where it passes by the equivalent of more than 20 million barrels of crude oil daily, and get obvious effect.
“ I can see in front of me and for a price between 80 and 100 dollars per barrel to under $ 70 today. It’s going to affect stock markets and could force the central bank to cut interest rates and implement fiscal stimulus measures. It may be the case that the Riksbank will have to go back to the minusränta.
Read more: What this means is that the new agreement between China and the united states.
