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“Portugal is developing, but too slowly,” says Nouriel Roubini, the economist who predicted the 2008 crisis.

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Nouriel Roubini known as “Dr. Doom, an economist often referred to as the prophet of Doom, gained worldwide fame when he predicted the collapse of the US housing sector and a severe financial crisis. This prediction came true during the great recession of 2008, which is why Roubini doesn’t like to be called a “doctor.” Doom” but, yes, “Dr. Realist”.

He is a professor at New York University and worked with the administrations of Bill Clinton and Barack Obama. A new book just came out mega threatswith 10 megathreats that threaten our economy and our future, and how we can weather them.

The book, published in Portugal by Planeta, will go on sale this week. In a remote interview with the Observer, Nouriel Roubini talks about the “mountain of debt” that states, companies and families have accumulated, but he is even more worried about “hidden debt” – the future obligations assumed towards an aging population. When today’s youth grow old, “money won’t be enough’ warns Roubini.

Rubini. “Young people have to save 20% to 30% a month”

Source: Observador

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