‘Dr. Doom’ Nouriel Roubini warns the next decade could bring ‘massive insolvencies and cascading financial crises’

His argument is based on the idea that we’re entering a new era for the global economy after “hyper-globalization,” relative geopolitical stability, and technological innovation helped keep inflation at bay since the Cold War.

Roubini believes that our new era of “Great Stagflationary Instability” will be fueled by inflationary trends like aging populations, climate change, supply disruptions, greater protectionism, and the reshoring of industry—or the process of moving overseas business back to their original countries.