Thursday, January 5, 2017

Roubini Warns : Trump will bring Global Conflict & WW3

Nouriel Roubini, a professor of finance at New York University, believes that the US position after the victory of Donald Trump can put an end to 70 years of prosperity. The measures that the magnate defends and that are already taking place, although he has not yet taken office, may be the seeds from which the next world conflict is born.

Roubini, who has already correctly predicted the latest financial crisis, says in Project Syndicate that the election of Donald Trump "may imply an end to the Pax Americana: the international order of free trade and shared security that the United States and its allies built after Of World War II ".

And it is that the US-led order to date has made possible "70 years of prosperity, based on pro-market regimes of trade liberalization, increased capital mobility and adequate social welfare policies, and with the support Security assurances and alliances such as NATO. "

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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