Roubini expressed concern about Trump's policies leading to stagflation risks, stating that they pose much higher risks than a potential presidency for Kamala Harris.
He highlighted that Trump's combination of trade, monetary, and immigration policies could squeeze the labor market and drive inflation higher.
Roubini stated that stagflation would be the worst-case scenario, as it results in high unemployment combined with rising prices, severely impacting workers' real wages.
He suggested the geopolitical tensions in the Middle East will also contribute to inflation by pushing oil prices upward, worsening economic conditions.
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