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Roubini Warns Trump's Iran Escalation Risks 1970s-Style Stagflation

Economist Nouriel Roubini, famed for predicting the 2008 financial crisis, warns that Trump is likely to escalate the war with Iran. He says the damage to the economy has already been done. Roubini cautions that further escalation risks triggering stagflation reminiscent of the 1970s.

The economist and investor, known for calling the 2008 financial crisis, also said the “damage has already been done” to the economy.