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Government has shifted focus from saving lives to save the economy counting the cost on aljazeera. Hi im Steve Clemons and i have a question well the coronavirus pandemic be the Tipping Point that takes us in to years of joblessness and poverty lets get to the bottom line. When we look around we see a lot of people who cant find work and a lot of businesses that have gone bust but there are some winners out there it seems like the Financial Markets are always winning at least from my Vantage Point economists usually say that they saw what was coming after the fact there are always rationalizations for the ups and downs of markets or of jobless rates of consumer and Business Confidence but lets take a look ....
Hi im Steve Clements and i have a question well the coronavirus pandemic be the Tipping Point that takes us into years of joblessness and poverty lets get to the bottom line. When we look around we see a lot of people who cant find work and a lot of businesses that have gone bust but there are some winners out there it seems like the Financial Markets are always winning at least from my Vantage Point economists usually say that they saw what was coming after the fact there are always rationalizations for the ups and downs of markets or of jobless rates of consumer and Business Confidence but lets take a look at the big picture my guest today is not afraid to go where many economists wont and to look at th ....
The bottom line. Hi im Steve Clements and i have a question well the coronavirus pandemic be the Tipping Point that takes us into years of joblessness and poverty lets get to the bottom line. When we look around we see a lot of people who cant find work and a lot of businesses that have gone bust but there are some winners out there it seems like the Financial Markets are always winning at least from my Vantage Point economists usually say that they saw what was coming after the fact there are always rationalizations for the ups and downs of markets or of jobless rates of consumer and Business Confidence but lets take a look at the big picture my guest today is not afraid to go where many economists wont ....
Wont and to look at the key factors out there that predict a really serious financial and to some degree even social and environmental meltdown affecting each and every one of us all over the world hes not known as dr doom for nothing nuria were being he predicted the us Real Estate Market crash 3 years before everything came tumbling down in 2008 professor roubini teaches economics and International Business in New York University and he joins us from new york today nouriel thanks so much for joining us i was very very taken with main street manifesto it seemed to sort of break through the noise that there is a stacked deck against people on a lot of fronts well before the pandemic hit and the pandemic is in a sense sped up history and you continue to find people that are not going to be winners in this ....
What is your thinking here because the terrain is changed a lot and even if one things start opening up a lot of people are very hesitant to spend because no one knows what the recovery is going to look like its kind of a selfreferential issue go ahead yes i think theres also no agreement as to what indicators important to look at. And term and whether this is going to be an l. D. R. You there are folks who point to the stock market. And they basically say oh you know since its rocketing that means that things are looking up well in polls dont realize that the Financial Markets now are very much decoupled from the real economy because. We know that as more money gets invest in it in various corporations that means it is going to be. Fewer people actually going to get employed because these investments are going into technology into robotics and Artificial Intelligence ....