Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy

NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...

Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.

NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they sh...