A Financial Times Economics Book of the Year A Times Business Book of the Year A Sunday
Independent (Ireland) Book of the Year 'People who like horror films will love this book'
Financial Times 'Forewarned is forearmed. Read and pay attention' Martin Wolf 'Not only will
the reader be better off after reading this book but the world will be a better place' Nassim
Nicholas Taleb We are heading towards the worst economic catastrophe of our lifetimes - unless
we can defend against ten terrifying threats. World renowned economist Nouriel Roubini was
nicknamed Dr. Doom until his warnings of the 2008 housing crisis and Great Financial Crisis
came true - when it was too late. Now he's back with much scarier predictions ones that we
ignore at our peril. There are no fewer than ten overlapping interconnected threats that are
so serious Roubini describes them as megathreats - with each one potentially amplifying the
others. From the worst debt crisis the world has ever seen to governments pumping out too much
money and causing inflation to borders that are blocked to workers and many shipments of goods
to the rise of a new superpower competition between China and the US to pandemics and climate
change that strike directly at our most populated cities to the threat to jobs coming from AI
we are facing not one not two but ten causes of disaster. Today we are heading towards a
Great Stagflation that will make the 1970s look moderate. There is a slight chance we can avoid
it if we come to our senses - but we must act now.
