Trump's policies could usher in stagflation and send stock prices plummeting, 'Dr. Doom' economist says [Yahoo! Finance]
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Source: Yahoo! Finance
Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted. Donald Trump's proposed economic agenda raises the risk of one of the worst-case scenarios for the US economy, according to Wall Street's "Dr. Doom" economist. Nouriel Roubini , the top economist known for his bombastic and frequently bearish prognostications, said he foresaw a challenging environment for the economy once Trump begins his second term as president. That's because Trump's proposed policies could spark a period of stagflation for the economy, Roubini said, a situation some economic experts have described as even worse than a recession. In such a scenario, the economy would see a period of sluggish growth, soaring prices, high interest rates, and rising unemployment Roubini pointed to Trump's plans to levy steep tariffs on Chinese goods, cut taxes , implement "draconian" restrictions on immigration , and potentially erode some of the Fed's independence "If
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