High debts and stagflation have set the stage for the mother of all financial crises

December 7, 2022 Gold News Club Gold 0

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MarketWatch/Nouriel Roubini/12-3-2022

ramirez cartoon on the crashing U.S. economy under the American rescue planCartoon courtesy of MichaelPRamirez.com

“The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in recent decades.”

USAGOLD note: The latest from Roubini… He reiterates that we are up against the worst of the 1970s combined with the worst of the 2008 financial crisis. “The mother of all stagflationary debt crises,” he concludes, “can be postponed, not avoided.”

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