The Stagflationary Debt Crisis Is Here

The Great Moderation has given way to the Great Stagflation, which will be characterized by instability and a confluence of slow-motion negative supply shocks. US and global equities are already back in a bear market, and the scale of the crisis that awaits has not even been fully priced in yet.

https://www.project-syndicate.org/commentary/stagflationary-debt-crisis-is-here-by-nouriel-roubini-2022-10?utm_source=Project+Syndicate+Newsletter&utm_campaign=3bffe9c742-covid_newsletter_10_05_2022&utm_medium=email&utm_term=0_73bad5b7d8-3bffe9c742-106440339&mc_cid=3bffe9c742&mc_eid=4ddf8a88ec