

(Bloomberg) -- Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn “delusional.”
“There are many reasons why we are going to have a severe recession and a severe debt and financial crisis,” the chairman and chief executive officer of Roubini Macro Associates said on Bloomberg TV Monday. “The idea that this is going to be short and shallow is totally delusional.”
Among the reasons Roubini cited was historically high debt ratios in the wake of the pandemic. He specifically mentioned the burden for advance economies, which he said continues to rise, as well as in some sub-sectors.
That differs from the 1970s, he said, when the debt ratio was low despite the combination of stagnant growth and high inflation known as stagflation. But the nation’s debt has ballooned since the financial crisis of 2008, which was followed by low inflation or deflation due to a credit crunch and demand shock, he added.
“This time, we have stagflationary negative aggregate supply shocks and debt ratios that are historically high,” said Roubini, who is nicknamed Dr. Doom for some of his dire predictions. “In previous recessions, like the last two, we had massive monetary and fiscal easing. This time around we are going into a recession by tightening monetary policy. We have no fiscal space.”
Concern that rising interest rates will drive the economy into a recession has been escalating as the Fed tightens monetary policy aggressively to bring down the steepest inflation in four decades. Fed Chair Jerome Powell has said that failing to restore price stability would be a “bigger mistake” than pushing the US into a recession, which he has continued to maintain the nation can avoid.
Powell and his colleagues are expected to approve another 75-basis-point hike this week after raising rates in June by the most since 1994. Policy makers are also expected to signal their intention to keep moving higher in the months ahead.
“This time around, we have a confluence of stagflation and of a severe debt crisis,” Roubini said. “So it could be worse than ‘70s and post-GFC.”
©2022 Bloomberg L.P.
EUR/USD
1.0315
+0.0104 (+1.02%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (4)
EUR/USD
1.0315
+0.0104 (+1.02%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (4)
GBP/USD
1.2204
+0.0124 (+1.03%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (9)
USD/JPY
133.09
-2.05 (-1.51%)
Summary
SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (4)
Sell (4)
AUD/USD
0.7053
+0.0089 (+1.27%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (6)
USD/CAD
1.2837
-0.0051 (-0.40%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (8)
Sell (0)
EUR/JPY
137.26
-0.71 (-0.52%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (9)
Sell (0)
EUR/CHF
0.9722
-0.0014 (-0.15%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (6)
Gold Futures
1,811.05
-1.25 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (9)
Silver Futures
20.567
+0.085 (+0.41%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (9)
Copper Futures
3.6380
+0.0525 (+1.46%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Crude Oil WTI Futures
89.94
-0.56 (-0.62%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (8)
Brent Oil Futures
95.72
-0.59 (-0.61%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (8)
Natural Gas Futures
7.826
-0.007 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
US Coffee C Futures
219.23
+6.48 (+3.05%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (8)
Euro Stoxx 50
3,747.85
+32.48 (+0.87%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (1)
S&P 500
4,194.84
+72.37 (+1.76%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (3)
DAX
13,676.37
+141.40 (+1.04%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (0)
FTSE 100
7,511.50
+23.35 (+0.31%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Hang Seng
19,610.84
-392.60 (-1.96%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
US Small Cap 2000
1,942.60
+33.59 (+1.76%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
IBEX 35
8,351.05
+39.15 (+0.47%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (1)
BASF SE NA O.N.
44.498
+0.503 (+1.14%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
Bayer AG NA
51.96
-0.20 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Allianz SE VNA O.N.
179.42
+0.86 (+0.48%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (4)
Sell (3)
Adidas AG
172.03
+3.03 (+1.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Deutsche Lufthansa AG
6.613
+0.040 (+0.61%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (1)
Siemens AG Class N
108.72
+2.20 (+2.07%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Deutsche Bank AG
8.780
+0.053 (+0.61%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
EUR/USD | 1.0315 | Neutral | |||
GBP/USD | 1.2204 | ↑ Sell | |||
USD/JPY | 133.09 | Sell | |||
AUD/USD | 0.7053 | ↑ Sell | |||
USD/CAD | 1.2837 | ↑ Buy | |||
EUR/JPY | 137.26 | ↑ Buy | |||
EUR/CHF | 0.9722 | ↑ Sell |
Gold | 1,811.05 | ↑ Sell | |||
Silver | 20.567 | ↑ Sell | |||
Copper | 3.6380 | ↑ Sell | |||
Crude Oil WTI | 89.94 | ↑ Sell | |||
Brent Oil | 95.72 | ↑ Sell | |||
Natural Gas | 7.826 | ↑ Buy | |||
US Coffee C | 219.23 | ↑ Sell |
Euro Stoxx 50 | 3,747.85 | ↑ Buy | |||
S&P 500 | 4,194.84 | ↑ Buy | |||
DAX | 13,676.37 | ↑ Buy | |||
FTSE 100 | 7,511.50 | ↑ Buy | |||
Hang Seng | 19,610.84 | ↑ Buy | |||
Small Cap 2000 | 1,942.60 | ↑ Buy | |||
IBEX 35 | 8,351.05 | ↑ Buy |
BASF | 44.498 | ↑ Buy | |||
Bayer | 51.96 | ↑ Sell | |||
Allianz | 179.42 | Neutral | |||
Adidas | 172.03 | ↑ Buy | |||
Lufthansa | 6.613 | ↑ Buy | |||
Siemens AG | 108.72 | ↑ Buy | |||
Deutsche Bank AG | 8.780 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,600![]() ![]() (-20 ![]() ![]() |
SJC HCM | 6,600![]() ![]() (-20 ![]() ![]() |
SJC Hanoi | 6,600![]() ![]() (-20 ![]() ![]() |
SJC Danang | 6,600![]() ![]() (-20 ![]() ![]() |
SJC Nhatrang | 6,600![]() ![]() (-20 ![]() ![]() |
SJC Cantho | 6,600![]() ![]() (-20 ![]() ![]() |
Cập nhật 10-08-2022 20:31:50 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,796.26 | +2.09 | 0.12% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 26.280 | 26.800 |
RON 95-III | 25.600 | 26.110 |
E5 RON 92-II | 24.620 | 25.110 |
DO 0.05S | 23.900 | 24.370 |
DO 0,001S-V | 25.880 | 26.390 |
Dầu hỏa 2-K | 24.530 | 25.020 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $90.19 | 0 | 0% |
Brent | $95.36 | +0.41 | 0.43% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.220,00 | 23.530,00 |
EUR | 23.251,88 | 24.554,01 |
GBP | 27.508,91 | 28.682,08 |
JPY | 168,20 | 178,07 |
KRW | 15,46 | 18,84 |
Cập nhật lúc 18:51:10 10/08/2022 Xem bảng tỷ giá hối đoái |