Comments by "Daniel Bradford" (@Falconlibrary) on "Nouriel Roubini on Economic Threats, Dollar and Fed" video.

Allow me to simplify: 2023 will be worse than 2008 because in 2008, the Fed was able to engineer a relatively quick recovery by lowering interest rates and keeping them there for the next 14 years. Now, the Fed cannot do that, because if it lowers interest rates, it will reignite inflation. Inflation was not a factor in 2008. It is now. In addition, governments are all much more indebted than they were in 2008, which means their ability to stimulate the economy through government spending is also constrained. This is why this time, the Fed and the governments of the world have to let this downturn reach its logical conclusion rather than playing Superman rescuing Lois Lane as she falls from the top of a building. Businesses will fail, hundreds of millions will lose almost everything they have, and this will go on for years. It may even turn into the second Great Depression. Political instability will sweep across the world and I have no idea how that's going to turn out. No one does.
2