Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted.
"That's going to crowd economic growth, and bond yields above 5% would imply a correction of stock prices and negative impacts on the economy."
AdvertisementOther experts have warned some of Trump's policies could lead to higher inflation and interest rates, with his tariff plan attracting significant criticism from economists.
Some of Trump's policies — like his plans to loosen regulation — could prop up business activity and fuel growth, Roubini noted.
"I think markets are still in a wait-and-see to figure out whether the policies are going to be hurting the economy," Roubini said.
Persons:
Nouriel Roubini, Roubini, —, Donald Trump's, Doom, prognostications, Trump, Trump's, Taylor Rogers, hin, Stocks
Organizations:
Service, Bloomberg, stoke, Republican National Committee, Trump, Fed, Bank of America, Dow Jones Industrial
Locations:
China