A global ‘shock to markets’ could trigger next financial crisis, warns Roubini

MarketWatch/Shawn Langlois

“Among the key risks, tensions between China and the U.S. deserve special attention, Roubini says, particularly if they result in China retaliating by closing its market to U.S.-based multinationals like Apple. ‘Under such a scenario, the shock to markets around the world would be sufficient to bring on a global crisis, regardless of what the major central banks do,’ Roubini warned. ‘And given the scale of private and public debt, another financial crisis would likely follow from that.'”

USAGOLD note:  Roubini sees danger at every turn. . . .The article linked delves into a number of his concerns at a time when central banks are ‘constrained’ to do anything about it.

Repost from 6-17-2019

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