Perfect storm of megathreats Roubini

This perfect storm of megathreats is even more dangerous than the 1970s or the 1930s, Roubini says

MarketWatch 18 January 2023

Sleepwalking on Megathreat 

In his great interwar novel, The Magic Mountain, Thomas Mann portrays the intellectual and cultural climate – and the madness – that led to World War I. Though Mann started his manuscript before the war, he didn’t finish it until 1924, and that delay had a significant impact on the final product. His story unfolds in a sanatorium that was inspired by one he had visited in Davos, the same mountaintop site (the Schatzalp Hotel) where WEF-related galas are now held.

 Nouriel Roubini Project Syndicate 18 January 2023

Stocks Fall After Weak Economic Data Revive Recession Fears

The S&P 500 lost 62.11 points, or 1.6%, to 3928.86 with each of its 11 sectors in the red. 

The Dow Jones Industrial Average dropped 613.89 points, or 1.8%, to 33296.96. 

The Nasdaq Composite Index shed 138.10 points, or 1.2%, to 10957.01. All three major indexes gave up gains made in early trading.

Bloomberg 18 January 2023

Niklas Wykman



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