On other occasions, the economist predicted events that would happen in relation to the 2008 financial crisis and cryptocurrencies.
The Economist Nouriel Roubini was nicknamed as the “doctor catastrophe” Thank you to your pessimistic forecasts about him future of humanity. in his last book, “Mega Threats”identified the main dangers that haunt humanity.
In some cases, Roubini is criticized for his pessimism. However, on previous occasions he predicted situations that other economists they did not warn. For example in 2006in a conference of the International Monetary Fundwarned about the subprime mortgage crisis. Finally, in 2008the world went through one of the worst financial crises of recent history.
Later, the Istanbul, Turkey-born economist stated that the Bitcoin it was overrated. So, he hit a prediction again when its price and that of other important cryptocurrencies fell.
What analysis does the doctor catastrophe over the world?
In an interview given to the BBC’s Newshour programme, Roubini explained that currently “there are new threats that did not exist in the decades between the 1960s and 1980s. At that time, nobody cared about a possible nuclear war between superpowersdue to the distension between USA and the Soviet Union“. “There was not even talk of the climate change and after the great pandemic 1918, there wasn’t another big one until the 1980s,” he added.
In addition, he warned about the problems generated by technological advances. “We had no idea that the artificial intelligencethe robotics and the automation They were going to replace most of jobs”he claimed.
What are the 10 mega-threats that Roubini identifies?
The 10 threats that the economist recognizes in his book give their names to the chapters of his book. These are:
- The debt crisis.
- Public and private failures.
- the time bomb demographic.
- The trap of easy money and the end of the boom.
- The great stagflation coming.
- The collapse of currencies and the financial instability.
- He end of globalization.
- The threat of the artificial intelligence.
- The new cold war.
- A uninhabitable planet.
Source: Ambito
