Is the economic depression boiling over into social unrest? Will it get worse?

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by SpontaneousDisorder

Nouriel Roubini

The demonstrations and even the violence are not just about George Floyd’s murder and BLM. There are now 40 million unemployed people in the US who are rightly furious mad as hell. As I predicted months ago this crisis will lead to protests, riots & violence. USA is now burning!

A couple of months ago I thought the same.

I think we’ll have a protracted war with this virus. Many countries will struggle to find a way out of increasingly severe lockdowns and controls over the coming months. There will be an economic depression. It may also cause social unrest.

 

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