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| node: | "This Crisis Will Spill Over and Result in a Disaster" |
| template: | 4 |
| parent: | Covid-19 / Novel Coronavirus (2019-nCoV) |
| owner: | Prospero |
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| created: | 04.03.2020 - 09:00:36 |
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5 ❤️
Economist Nouriel Roubini correctly predicted the 2008 financial crisis. Now, he believes that stock markets will plunge by 30 to 40 percent because of the coronavirus.
https://www.spiegel.de/international/business/nouriel-roubini-on-coronavirus-this-crisis-will-spill-over-and-result-in-a-disaster-a-e811cf3b-d495-4c52-bf79-d872c8f164ac
DER SPIEGEL: How severe is the coronavirus outbreak for China and for the global economy?
Roubini: This crisis is much more severe for China and the rest of the world than investors have expected for four reasons: First, it is not an epidemic limited to China, but a global pandemic. Second, it is far from being over. This has massive consequences, but politicians don’t realize it.
DER SPIEGEL: What do you mean?
Roubini: Just look at your continent. Europe is afraid of closing its borders, which is a huge mistake. In 2016, in response to the refugee crisis, Schengen was effectively suspended, but this is even worse. The Italian borders should be closed as soon as possible. The situation is much worse than 1 million refugees coming to Europe.
...
a propos, Dow Jones po pondelnajsej korekcii vcera zase v cervenych cislach, panika na trhoch mozna uz tento tyzden
https://www.spiegel.de/international/business/nouriel-roubini-on-coronavirus-this-crisis-will-spill-over-and-result-in-a-disaster-a-e811cf3b-d495-4c52-bf79-d872c8f164ac
DER SPIEGEL: How severe is the coronavirus outbreak for China and for the global economy?
Roubini: This crisis is much more severe for China and the rest of the world than investors have expected for four reasons: First, it is not an epidemic limited to China, but a global pandemic. Second, it is far from being over. This has massive consequences, but politicians don’t realize it.
DER SPIEGEL: What do you mean?
Roubini: Just look at your continent. Europe is afraid of closing its borders, which is a huge mistake. In 2016, in response to the refugee crisis, Schengen was effectively suspended, but this is even worse. The Italian borders should be closed as soon as possible. The situation is much worse than 1 million refugees coming to Europe.
...
a propos, Dow Jones po pondelnajsej korekcii vcera zase v cervenych cislach, panika na trhoch mozna uz tento tyzden