Global economist Nouriel “Dr. Doom” Roubini warns that the US economy is facing a number of headwinds suggesting that a period of contraction is still on the horizon. In a new Bloomberg Television interview, Roubini says that the Fed is likely to keep rates higher for the foreseeable future despite the optimism in the markets. […]
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Crypto critic and economics professor Nouriel Roubini is warning that the markets are in for a big shock this year. In a new interview with Bloomberg Television, the economist known as “Dr. Doom” says that inflation is going to prove a lot harder to bring down than the central banks currently expect, and they will […]
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The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government to internationalize its currency for payments. Chinese Yuan Used to […]
A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with […]
Strategic rivals of the US are going to move away from the dollar and create a “bipolar” global reserve currency system, says economist and NYU professor Nouriel Roubini. In a series of new interviews, Roubini says there’s no doubt that China and Russia are teaming up with allies to build an alternative monetary system that […]
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Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini on U.S. Dollar and Chinese Yuan as Global […]
Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known […]
Crypto critic and professor of economics at New York University’s Stern School of Business Nouriel Roubini is expressing skepticism on Bitcoin (BTC) and other digital assets amid a banking crisis in the US. In a new Stansberry Research interview, Roubini says that the crypto ecosystem has numerous bad actors, and the end days of the […]
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Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape. […]
NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space are “all crooks.” Dr. Doom Warns Nearly 100% of Crypto […]