Tech Insider
PIMCO Headquarters
The banking crisis means there could be a "sooner and deeper recession" in the US, Pimco has warned.
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JPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington.
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Credit Suisse Axel Lehmann
Credit Suisse chairman Axel Lehmann told shareholders he was 'truly sorry' at the failed bank's final AGM.
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UBS merged with Credit Suisse in a deal brokered by regulators in March.
Tech Insider : Economy
  • Nouriel Roubini says the economy is headed for a "doom loop".
  • That's due to three stressors in the economy, which will leave the Fed unable to fight a recession. 
  • Roubini, who called the 2008 downturn, has long warned of imminent financial chaos. 

Nouriel Roubini has more dire words of warning for the economy.  

"Dr. Doom" warned in a column this week that the US face a major financial crisis and the economy is entering what he calls a "doom loop".

Tech Insider : Economy
A man walks in front of a United States Bankruptcy Court sign in New York City.
A man walks in front of a United States Bankruptcy Court sign in New York City.