Economist Nouriel Roubini believes the markets are the last line of defense against President Donald Trump’s ‘worst instincts’ on the economic front.
What Happened: On Thursday, Roubini, who is popular referred to as “Dr. Doom” for predicting 2008 financial crisis, posted on X with a link to his latest Project-Syndicate column detailing the options in front of Trump, and the different paths that U.S. economy can pursue from here.
In the tweet promoting his article, Roubini writes that either Trump will back down from his “stagflationary policies to concentrate on pro-growth measures” or the resulting financial stress and recession will lead the Republican Party to lose the 2026 midterm elections.
Roubini argues in his column that while some of Trump’s policy ideas, such as tech investment and deregulation will boost growth, others are inherently inflationary and destabilizing.
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