NYU Stern Professor Emeritus of Economics, Nouriel Roubini, joins the Live Show to discuss the current banking crisis, Fed’s take on inflation, and the possibility of a recession on April 12, 2023.

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Renowned economist and professor Nouriel Roubini has recently raised concerns about the state of the U.S. economy, warning that the ongoing bank crisis could tip the country into a recession. Roubini, who accurately predicted the 2008 financial crisis, has been a vocal critic of the current economic situation and has been sounding the alarm about the potential for a downturn.

In a recent interview, Roubini expressed his worries about the health of the banking sector, citing a number of troubling signs that indicate a looming crisis. He pointed to the increasing number of bank failures and the rising amount of non-performing loans as evidence that the financial system is under strain.

Roubini also highlighted the risks posed by the ongoing trade tensions and geopolitical uncertainty, which could further exacerbate the challenges facing the U.S. economy. With global growth slowing and the threat of a trade war with China looming, Roubini believes that the U.S. is particularly vulnerable to a recession.

The economist’s warnings come at a time when many analysts are already predicting a slowdown in economic growth. The U.S. economy has been showing signs of weakness in recent months, with indicators such as industrial production and business investment declining. The escalating trade war with China and the uncertainty surrounding Brexit have only added to the fears of a potential downturn.

Roubini’s grim assessment is a stark reminder of the fragility of the global economy and the potential for unforeseen shocks to disrupt the delicate balance. His track record for predicting economic crises gives weight to his latest warnings, and policymakers and businesses would be wise to heed his words.

As the U.S. and global economy continue to face uncertainty and mounting challenges, it is imperative for leaders to take proactive measures to mitigate the risks and prevent a full-blown recession. Whether Roubini’s predictions will come to pass remains to be seen, but his warnings serve as a timely reminder of the need for vigilance and caution in the face of economic turmoil.