Nouriel Roubini
  • Stocks and bonds are in for more severe losses for years to come, according to Nouriel Roubini.
  • That's because inflation will stay closer to 6%, spelling big losses for traditional assets. 
  • The economist has warned of a stagflationary debt crisis in which stocks suffer amid a major recession. 

High inflation is here to stay, and that means stocks and bonds will endure more pain for years to come, according to "Dr. Doom" economist Nouriel Roubini.

Roubini, who was among commentators who accurately predicted the 2008 crisis, warned investors that inflation could hover close to 6% despite the Fed's scramble to bring down high prices. Over the last year, central bankers have raised interest rates 450 basis-points to tame high inflation, a move that's weighed heavily on stock and bonds.