MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them by Nouriel RoubiniMy rating: 3 of 5 stars
Hooter: An Op-ed converted into a book on key risks that could lead to the next Financial crisis
Nouriel is racing against time to in a way state the obvious but also consolidate the focus on the types of risk we deal with as a world today that could/would directly impact the financial system. Whether it is war conflict like Russia-Ukraine, the climate change all over or the probability of recurring pandemics are one side of the story. He also looks back at anecdotal history with respect to fiscal policies around the world and how cheap debt has always fueled a economic balloon waiting to burst.
He does put in a reality check that stand alone , each of the risks can be absorbed by society but a combination of them could play havoc with our world. You'd say stating the obvious Mr. Doomsday but as an economist, this book articulates his thoughts and perspectives from his experience in this space. Is there research highlighted in the book for his theories? Nope! and hence I like to call this an extended op-ed on what he thinks are items top of his mind that can precipitate the next financial crisis.
The current layoffs in the Tech industry provide an ominous sign to the near future he foretells. Then again the thing with being consistently pessimistic in a cyclical industry is that you will be right at some point.
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