Dr. Doom: A 'perfect storm' of recession, debt, and out-of-control inflation is coming for markets this year
Roubini, one of the first economists to call the 2008 recession, has been warning for months of a stagflationary debt crisis, which would combine the worst aspects of '70s-style stagflation and the '08 debt crisis. "Now we're facing the perfect storm: inflation, stagflation, recession, and a potential debt crisis," Roubini said.
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