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Maurice Obstfeld

Maurice Obstfeld

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Maurice Obstfeld, a former chief economist of the International Monetary Fund, is Professor of Economics at the University of California, Berkeley and a non-resident senior fellow at the Peterson Institute for International Economics.

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  1. roubini165_Spencer PlattGetty Images_NYSE Spencer Platt/Getty Images

    A Stagflationary Debt Crisis Looms

    Nouriel Roubini

    There is ample reason to worry that major economies like the United States are heading for a recession, accompanied by cascading financial turmoil. Some of the worst elements of both the 1970s and the 2008 crash are now in play, with equity markets likely to move deeper into bear territory.

    says six factors will determine how bad the next downturn will be for the real economy and equity markets.

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