Roubini: Markets Display Rational Complacency

The transcript discusses concerns about global market complacency and potential financial havoc due to issues in Hong Kong and China's economy. It explores the possibility of financial contagion triggered by the Fed's interest rate decisions or eurozone instability. The speaker argues that market reactions are inconsistent and suggests that the Fed may delay raising interest rates due to lack of inflation and stable economic conditions.

In the author's view, what could be a potential silver lining regarding global conditions and the Fed's interest rates?

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What does the author imply about the consistency of the comments made regarding financial turbulence?

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