Click here to get this article in PDF
NewYorkMagazine/Eric Levitz
“The economist (and host of a biweekly economic news broadcast) does expect things to get better before they get worse: He foresees a slow, lackluster (i.e., “U-shaped”) economic rebound in the pandemic’s immediate aftermath. But he insists that this recovery will quickly collapse beneath the weight of the global economy’s accumulated debts.”
USAGOLD note: The economist mentioned is Noriel Roubini otherwise known as “Doctor Doom.” Roubini has shied away from a public pronouncement advocating gold ownership, but his analysis offers one of the more consistent and cogent rationales in its favor available. He was right in 2006 just before the crisis in 2008 and Wall Street’s bulls fear he might be right now.
Repost from 5-27-2020