Economist Nouriel Roubini Predicts Looming Banking Crisis and Insolvency Threat for U.S. Banks
Economist Nouriel Roubini, also known as "Dr. Doom," has warned of a looming banking crisis in the US, stating that most banks are technically near insolvency and hundreds are already fully insolvent. Roubini also highlighted the trilemma facing central banks, as interest rate hikes aimed at achieving price stability may result in a recession and higher unemployment, while also increasing the risk of severe financial instability. He believes that everyone should be preparing for the coming stagflationary debt crisis.