Roubini Warns About a Looming Credit Crisis, Sees 'Rolling' Global Recession

The video discusses the differences between the 2008 financial crisis and potential future crises, focusing on corporate debt and shadow banks. It highlights the risks of market contagion and the possibility of a global recession, influenced by factors like policy responses and economic conditions in major economies. The importance of timely and effective policy measures to prevent a deeper financial crisis is emphasized.

What is the significance of the term 'fallen angels' in the context of corporate debt?

What measures are suggested to potentially prevent a credit crisis?