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Economist Peter Schiff slammed President Joe Biden’s inflation crisis and emphasized it’s much worse than people even realize.

Although major economies and markets fared well in 2021 despite all of the uncertainties surrounding new variants of the coronavirus, 2022 will bring new challenges. In addition to central banks shifting toward policy normalization, geopolitical and systemic risks are multiplying. Despite dips and disruptions from new variants of COVID-19, 2021 turned out to be a relatively positive year for economies and markets in most parts of the world. Growth rose above its potential after the severe recession of 2020, and financial markets recovered robustly. This was especially the case in the United States, where stock markets reached new highs, owing...

Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving major central banks in an impossible position.In April, I warned that today’s extremely loose monetary and fiscal policies, when combined with a number of negative supply shocks, could result in 1970s-style stagflation (high inflation alongside a recession). In fact, the risk today is even bigger than it was then. After all, debt ratios in advanced...

Dr. Anthony Fauci, the nation’s top infectious disease expert, said this week that he and his wife will not be seeing his three adult children for Christmas or for his birthday on Christmas Eve amid the ongoing coronavirus pandemic, and urged other Americans to do the same. Fauci made the comments during an interview with the Washington Post’s Power Up newsletter. He said it would mark the first Christmas not spent with his three daughters since they were born.

As he continues to help steer the nation through the coronavirus outbreak, top infectious diseases doc Anthony Fauci says he has another worry on his mind — the next pandemic to hit humanity, according to a report. Fauci, director of the National Institute of Allergy and Infectious Diseases and a member of the White House coronavirus task force, raised the specter during Politico’s “Pulse Check” podcast Wednesday. He noted that while the current pandemic — which has so far claimed over 158,000 lives and sickened some 4.8 million in the US — continues to pose a historic threat, he’s also...

Market doomsayer Marc "Dr. Doom" Faber has launched a racially charged diatribe in his latest newsletter, alleging that the U.S. is great primarily because it is ruled by white people. The eccentric Gloom, Boom & Doom report author, who often speaks on CNBC and other financial media, generally forecasting some type of market downturn, focused his latest comments on the racial conflicts happening around the country. (A CNBC spokesperson said it will not book him in the future.) "And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe, which it might look...

ROUBINI: Dark Clouds Are Gathering Around The World Mamta Badkar June 15, 2012, 10:15 AM Dr. Doom Nouriel Roubini is once again warning of a perfect global storm in 2013. In his latest Project Syndicate column Roubini warns of dark "financial and economic clouds" from Europe, the U.S., China and the Middle East. First, he says the eurozone crisis is worsening, the fiscal and sovereign debt crisis and the problems in its banking sector are worsening. In fact he says, eurozone might need a bailout of its banks but also a sovereign bailout. "As a result, disorderly breakup of the...

Doctor Doom Warns: “World War III Will Occur In the Next Five Years” January 17th, 2012 Well known economist, trend forecaster and Gloom, Boom and Doom Report publisher Dr. Marc Faber joined some of the world’s leading investment minds at the Barron’s 2012 Roundtable to discuss what’s in store for 2012 and beyond with respect to the economy, inflation, political stability and a host of other issues. As is generally the case, Dr. Faber doesn’t mince words and warns that, despite what happens in the near term, the end game is global conflict. Excerpted from Barron’s 2012 Roundtable via SGT...

In a clip from his interview with WSJ's Simon Constable, Dr. Nouriel Roubini insists that it was the policies of George W. Bush that caused the current U.S. economic crisis.

This is odd. A rare note ot sorta-optimism from Nouriel Roubini (AKA Dr. Doom) regarding the US debt situation. In a note this morning that he put with fellow analyst Arnab Das, he writes: "The United States has the most manageable fiscal issues of any major advanced economy because federal, state and local revenues as a share of GDP are very low, for cyclical and other reasons. Therefore, fiscal balance can be restored by fiscal adjustment without major economic difficulty in the near term." In other words, US revenue and spending can be brought closer into line via raising more...

<p>Global inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the “Gloom, Boom and Doom” report told CNBC on Wednesday, with increases in the cost of living amounting to between five and eight percent in the United States and just below that in Europe.</p>

The week's plunge in stock markets and the decline of the euro have created a perfect backdrop for Dr. Doom. In the midst of all the turmoil, Nouriel Roubini appeared on CNBC to issue fresh warnings of crises still to come. "From here on, I see things getting worse," said Mr. Roubini, predicting another 20% drop in stock prices, a double-dip recession and various national crises in Japan, China and elsewhere. The timing is perfect for Mr. Roubini, whose new book-- Crisis Economics: A Crash Course in the Future of Finance -- is just hitting bookstores. If you're in the...

Prophet Motive Is Nouriel Roubini lucky or just good? Julia Ioffe, The New Republic Published: Wednesday, June 03, 2009 This year, Nouriel Roubini, the economist known to the general public as Dr. Doom, Prophet of the Financial Apocalypse, spent the early hours of Mardi Gras on the floor of the Frankfurt Stock Exchange. It was only 11 a.m., but the party was rollicking. Traders careened around the floor, hooting and honking, dressed as dragons and devils and convicts. Rock music roared overhead, and no one seemed to care that, by the bye, the market had tanked. Tickled, Roubini registered the...

A reporter contacted me recently with the following question: "I am a reporter, and I am doing a story on Bernard Madoff's life after pleading guilty. As part of this, I was wondering if you could comment on what significance he will have in the history of this period. Will he represent more than a scamster who stole a lot of money from a lot of people? As Bernie Ebbers and Ken Lay came to embody corporate greed and deceit, what will Madoff symbolize?" Americans lived in a "Made-off" and Ponzi bubble economy for a decade or even longer. Madoff...

From crisis to catastrophe. Off a cliff. Dark, darker, darkest. Mortal danger of absolute collapse. Armageddon. President Obama and top Democrats on Capitol Hill are deploying these and other stark predictions of doom and gloom to push through their economic-stimulus package. In terms not heard in Washington since the late 1970s under President Jimmy Carter's watch, the new president has sought to terrify Americans into supporting the $800 billion-plus bailout bill.

Obama: We're in the worst recession since the Great Depression! We've got to take this serious. We must be bold. I know, let's bbq up some pork. Let's have a pork bbq big enough to feed the entire nation. But why stop there? Let's really be bold and bbq up enough pork to feed the entire world! I'm such a smart economist. All the rest of you only think you're economists. Now go vote yes on my pork bbq.

(sigh) Time to bend over and grab the Vaseline.

Senate bail-out talks hit impasse Mr Obama delivered another impassioned plea for support of the bill US senators have reached deadlock in their attempts to find a compromise over President Barack Obama's $900bn (£616bn) economic stimulus package. A group of senators from both parties has forced a line-by-line review of the bill by arguing that it should be trimmed by tens of billions of dollars. The senators will start a fourth day of deliberations later. Meanwhile, Mr Obama has again warned that the US economy faces "catastrophe" if exceptional measures are not taken. He said that if Congress failed to...

Now for something really different Wesley Pruden Friday, February 6, 2009 ANALYSIS/OPINION: The messiah of November has disappeared, gone off to winter somewhere in another galaxy and lounge among the stars. Who knows when (or whether) he'll return. He left a gloomy surrogate with a melancholy message. The messiah promised "change" but so far demonstrates only that the men we send to live in the White House have changed. FDR called our stoic grandparents to the fireside to tell them there was nothing to fear but fear itself. They believed him, pulled up their socks, survived the Great Depression and...