Nouriel Roubini, chairman and CEO at Roubini Macro Associates, discusses the turmoil at Credit Suisse and its impact on financial markets, the path of inflation, and investment strategy on “Bloomberg Surveillance.” -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ...(read more)
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Nouriel Roubini is a world-renowned economist, famous for his predictions of the 2008 financial crisis. Recently, he had spoken out about Credit Suisse's crisis, inflation, and the strategy that should be employed in these times. Credit Suisse is one of the largest banks in Switzerland, and it has been working hard to recover from a series of damaging events. One of the most significant factors involved Archegos Capital, a hedge fund that collapsed in March 2021, causing losses of around $5.5 billion. According to Roubini, this was a result of Credit Suisse's attempt to increase its market share, taking on more risk than it could handle. Roubini also warns that inflation may be on the rise and that many factors are driving this phenomenon, such as global supply chain disruptions, as well as an increase in demand for goods and services as economies recover from the COVID-19 pandemic. This inflation is already being felt in many sectors, including housing, food, and energy. Roubini believes that central banks must take steps to control inflation, as it could lead to a recession and a decrease in national income. In terms of strategy, Roubini advises that the focus should be on reducing the risk of future crises. This involves looking at the structure of the financial system, which he believes has not changed significantly since the 2008 crisis. Roubini calls for stricter regulations, a focus on greater transparency in financial transactions, and the creation of a global financial watchdog. Furthermore, Roubini highlights the need for investment in education and training, noting that this is necessary for developing the skills required to navigate the evolving economic landscape. He also emphasizes the importance of sustainable growth, calling for greater investment in renewable energy and green initiatives. In conclusion, Nouriel Roubini's insights are valuable for understanding the current economic climate and for developing strategies to navigate the uncertain future. His comments on Credit Suisse's crisis highlight the importance of risk management, while his warnings about inflation emphasize the need for central banks to take action. Finally, his focus on transparency, regulation, and sustainable growth is a call to action for policymakers and businesses worldwide. https://inflationprotection.org/credit-suisse-crisis-inflation-and-strategy-an-insight-from-nouriel-roubini/?feed_id=91575&_unique_id=64491340523b4 #Inflation #Retirement #GoldIRA #Wealth #Investing #2008financialcrisis #banks #creditsuisseag #lehman #lehmanmoment #nourielroubini #InvestDuringInflation #2008financialcrisis #banks #creditsuisseag #lehman #lehmanmoment #nourielroubini
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