The Slow-Motion Train Wreck
Chapter 2 of Nouriel Roubini's interview with Ash Bennington: GREAT RECESSION OR GREATER DEPRESSION?
Famed economist Dr. Nouriel Roubini unpacks the ‘Slow Motion Train Wreck’ he sees barreling toward the global economy and compares the events we see unfolding now to the Global Financial Crisis of 2007-08 and the Great Depression of the 1930s. Roubini joins Real Vision’s Ash Bennington to discuss the underlying dynamics of the crisis. In this episode, Roubini and Bennington discuss rising credit spreads, negative economic growth, a skyrocketing unemployment rate, and an overall environment that Roubini describes as “Like an asteroid literally hitting planet earth and stopping economic activity everywhere.”
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