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Fri Oct 12, 2018, 08:41 PM

Roubini Warns of 'Perfect Storm' for U.S. Economy in 2020

Roubini predicted the 2008 crash. He was one of only a few who saw it coming.

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Reply Roubini Warns of 'Perfect Storm' for U.S. Economy in 2020 (Original post)
Quixote1818 Oct 2018 OP
mobeau69 Oct 2018 #1
Perseus Oct 2018 #3
mobeau69 Oct 2018 #4
Quixote1818 Oct 2018 #6
Quixote1818 Oct 2018 #6
Quixote1818 Oct 2018 #9
appalachiablue Oct 2018 #2
Dopers_Greed Oct 2018 #5
dhol82 Oct 2018 #8

Response to Quixote1818 (Original post)

Fri Oct 12, 2018, 09:00 PM

1. Dr. Doom is a joke. Predicting the big one is what he does.

For a very good look at who "saw it coming" read "The Big Short: Inside the Doomsday Machine" by Michael Lewis.

https://www.npr.org/templates/story/story.php?storyId=124698825

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Response to mobeau69 (Reply #1)

Sat Oct 13, 2018, 09:17 AM

3. And that makes him a joke?

 

If he predicted correctly, which seems that he did, why is he a joke?

Did you watch the video? I think his explanation on why by 2020 the economy will collapse is very good. I only differ with him in the year, I think we will see a collapse mid-2019, the fact that farmers are already feeling the burn from the administration's actions, and the steel industry as well due to the tariff fight, some of them thinking they cannot last more than a year, leads me to believe the collapse will come sooner.

Another factor he talks about is the rise in interest rates, it is already affecting the housing market, and will continue to do so, get worst because the fed is considering another hike. Real Estate is climbing so fast that I think a bubble burst is inevitable by next year. Condos that one could buy two years ago for $80,000.00 have suddenly climbed all the way to $140,000.00, that is almost double, and unjustifiable.

An interview with Steve Keen follows, very good as well.
[link:|

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Response to Perseus (Reply #3)

Sat Oct 13, 2018, 10:31 AM

4. He's always on record predicting a crash.

That's why he has earned the moniker "Dr. Doom". The old adage of a stopped clock applies to him.

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Response to mobeau69 (Reply #4)

Sat Oct 13, 2018, 09:09 PM

6. Maybe because crashes keep coming?

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Response to mobeau69 (Reply #4)

Sat Oct 13, 2018, 09:09 PM

6. Maybe because crashes keep coming?

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Response to mobeau69 (Reply #4)

Sun Oct 14, 2018, 04:54 PM

9. 60% of economists are predicting a recession by 2020

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Response to Quixote1818 (Original post)

Fri Oct 12, 2018, 10:17 PM

2. Other people following this also claim we're due for several yrs.

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Response to Quixote1818 (Original post)

Sat Oct 13, 2018, 12:04 PM

5. Great...2020

Just in time so that Repugs can blame it on the next President

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Response to Dopers_Greed (Reply #5)

Sat Oct 13, 2018, 09:23 PM

8. Exactly!

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