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nouriel roubini
Nouriel Roubini

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  • Banks are in a dangerous spot and a recession is foretold, according to Nouriel Roubini.
  • The Fed is torn between cutting rates to ease volatility and raising rates to fight inflation, he said.
  • "It's too late to find a solution that prevents a hard landing and prevents severe financial stresses."

The US banking system is in a dangerous position, and the Fed can't win no matter what it does with interest rates, according to "Dr. Doom" economist Nouriel Roubini.

Roubini, who predicted the 2008 recession and is known for his gloom-and-doom prognostications on Wall Street, warned of trouble stemming from the recent collapse of Silicon Valley Bank, which has sparked fears of a banking crisis.

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Markets, MI Exclusive, Nouriel Roubini, SVB, us banking crisis, Banking Crisis, Recession, recession warning, Inflation, fed inflation, Fed rate hikes, interest rates outlook, US Debt, stagflation risk, Dr. Doom Nouriel Roubini
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'Dr. Doom' economist Nouriel Roubini says the US banking system is in a dangero…