🦠 What Dr Doom told me about the coming recession

Buckle up. Pandemic economics are turbulent.

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On Tuesday night (31st March), I was at a private briefing with Nouriel Roubini, the economist nicknamed Dr Doom for his pessimistic (and prescient) predictions.

I’d been very wary of the optimistic economic forecasts coming from the investment banks. Take Goldman Sachs. The firm posited that US GDP would finish the year 6.2% down as a result of the economic havoc wrought by the pandemic. My hunch—and it was just that—was that the most accurate thing about their forecast was that they had revised it downwards (from a 3.7% decline in their previous forecast).

Hearing Professor Roubini talk was a dose of reality. Bear in mind that his reputation is for pessimism, but I felt he was clear enough that I wanted to share the insights with all of you. I’ve focused more on the insights as pertain to building the future, the Expon…