Roubini Warns of 'Perfect Storm' for U.S. Economy in 2020

The video discusses the implications of fiscal policies on the US economy, highlighting the doubling of the budget deficit and the minimal growth impact of tax cuts. It explores the effects of fiscal stimulus, interest rates, and global monetary policies, predicting higher long-term interest rates and a potential economic slowdown by 2020. The video also examines stagflationary policies, trade restrictions, and their impact on growth and inflation, emphasizing the need for tighter monetary policies to manage inflation expectations.

What are the potential consequences of the projected $2 trillion budget deficit next year?

How does fiscal drag affect economic growth according to the text?

What factors contribute to the expected increase in long-term interest rates?

What is the significance of the term 'stagflation' in the context of the economic policies discussed?

In what ways could trade restrictions impact inflation and growth?