Nouriel Roubini: 8% Interest Rates By 2030 & 80% Unemployment by 2045??

The future is going to be mind-blowing

Today's guest earned well-deserved fame by successfully predicting the 2008 financial crisis.

I'm very pleased and honored to welcome to the program economist and educator Dr Nouriel Roubini, the co-founder and chairman of Roubini Global Economics.

As he makes his first-ever appearance on this channel -- hopefully the first of many -- I ask him for his macro outlook for 2025 and beyond.

And make some pretty mind-blowing predictions.

If you have questions about inflation, interest rates, bond yields, Tech stocks, AI, recession risk and the future of work, then this video is a must-watch.

To see it, click here or on the video below:

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Adam’s Notes: Dr Nouriel Roubini (recorded 2.11.25)

• The global economy has managed to avoid a full-scale recession over the past few years, despite significant economic headwinds such as post-COVID inflation and aggressive interest rate hikes by central banks. The U.S. has outperformed other major economies, with 2024 GDP growth at 2.8%, significantly higher than the Eurozone’s 0.8% and China's reduced growth of 3-4%, down from previous decades of 8-10%. However, global economic fragility remains a concern, as 60 countries have been classified as bankrupt or insolvent by the IMF and World Bank, unable to service their foreign debts. Additionally, geopolitical risks, including conflicts in Ukraine, Gaza, and the broader Middle East, have further complicated economic recovery efforts.

• Despite outperforming other major economies, the U.S. economy remains deeply divided, with strong macroeconomic indicators masking widespread financial insecurity among the majority of consumers. While stock markets have reached all-time highs and unemployment remains low, the benefits of economic growth have been unevenly distributed. 80% of stock market wealth is concentrated within the top 10% of income earners, leaving many Americans disconnected from the economic boom. Additionally, a third of U.S. households live paycheck to paycheck, struggling with rising costs of living, student loan burdens, and higher interest rates on mortgages and credit cards. These disparities have fueled political instability and growing dissatisfaction among working-class and middle-class Americans, contributing to populist movements and a polarized electorate.

• Over the past two years, the S&P 500 has surged by 20% annually, driven largely by the dominance of tech stocks and corporate profitability. However, the outlook for 2025 suggests mid-to-high single-digit returns, which is below the historical average of 11-12%. Several factors may contribute to a market slowdown, including the Federal Reserve’s reluctance to cut interest rates aggressively, a deceleration in corporate earnings growth, and persistent inflationary pressures. While the U.S. remains an economic leader globally, the valuation of its stock market is historically high, and any signs of economic distress could trigger a correction. Investors are advised to