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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.

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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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