The Julia La Roche Show

#042 MEGATHREATS: 'Dr. Doom' Nouriel Roubini's Scariest Prediction


Listen Later

Dr. Nouriel Roubini (@nouriel), Professor Emeritus of Economics at New York University's Stern School of Business, joins Julia La Roche on episode 42 to discuss his newest book, MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them.

Roubini, known as "Dr. Doom" due to his tendency to make pessimistic predictions, warned of the housing crisis and impending recession, but it was too late. Roubini is now making another prediction that is even more alarming and should not be overlooked.

The world is facing a multitude of interconnected threats, referred to as Megathreats, that have the potential to cause widespread disaster. According to Roubini, these Megathreats are all connected and threaten not only our jobs, income, savings, and wealth but also our health, the planet's health, and even our species' survival.

These Megathreats include the worst debt crisis ever seen, excessive money printing by governments, blocked borders for workers and goods, the growing competition between China and the US, and the effects of climate change on heavily populated cities.

Roubini says we're "sleepwalking into disaster," and this book is a "wake-up call." Time is of the essence in addressing these issues and attempting to prevent their adverse outcomes.

Roubini is also the Chief Economist at Atlas Capital Team, CEO of Roubini Macro Associates, and Co-Founder of TheBoomBust.com. He is a former senior economist for international affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank. His website is NourielRoubini.com, and he is the host of NourielToday.com.

0:00 Roubini's new book

2:58 Connecting the dots of 10 Megathreats

4:00 World faces the biggest test since WWII

5:50 Mother of all debt crises

11:00 A perfect storm

18:00 Can we go back to 2% inflation without a hard landing?

19:30 Debate is no longer a soft or hard landing

20:42 Not going to be a short and shallow recession

23:42 Factors that could lead to a hard landing

24:00 Central banks are going to blink

24:45 Demographic time bomb

28:50 Intergenerational conflict between young and old

31:40 AI as a megathreat

35:14 AI will usher in a massive increase in income and wealth inequality

36:00 The trouble with UBI

39:00 Threat to our species

41:00 ChatGPT

41:50 Roubini's advice to young people

46:27 Public enemy No. 1 of crypto since 2017

49:40 Crypto is 'the biggest financial fraud in human history'

51:58 Megathreat of financial instability

54:40 US dollar status as the global reserve currency

56:00 Divided world

58:00 De-dollarization, rise in gold

1:00:31 Do you want to own gold right now?

1:03:00 What to own in this scenario?

1:06:38 Global pandemics

1:11:13 Things Roubini never used to worry about

1:13:05 World looks more like the period between 1914 in 194

1:15:20 Sleepwalking into disaster

1:19:00 How do we survive the Megathreats?

1:21:20 Technology is the solution

1:23:00 Parting thoughts

...more
View all episodesView all episodes
Download on the App Store

The Julia La Roche ShowBy Julia La Roche

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

49 ratings


More shows like The Julia La Roche Show

View all
Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,064 Listeners

Hidden Forces by Demetri Kofinas

Hidden Forces

1,440 Listeners

Grant’s Current Yield Podcast by Grant's Interest Rate Observer

Grant’s Current Yield Podcast

664 Listeners

Hedgeye Podcasts by Hedgeye Risk Management

Hedgeye Podcasts

198 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

250 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

362 Listeners

Eurodollar University by Jeff Snider

Eurodollar University

459 Listeners

The Grant Williams Podcast by Grant Williams

The Grant Williams Podcast

1,335 Listeners

Supply Shock by Blockworks

Supply Shock

112 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

371 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

72 Listeners

Forward Guidance by Blockworks

Forward Guidance

272 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

388 Listeners

The David Lin Report by The David Lin Report

The David Lin Report

36 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

92 Listeners