Shallow Recession Calls Are ‘Totally Delusional’

Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn “delusional,” Bloomberg reports.

Said Roubini: “There are many reasons why we are going to have a severe recession and a severe debt and financial crisis. The idea that this is going to be short and shallow is totally delusional.”