Nouriel Roubini sees traps everywhere and chaos everywhere

Among the many iterations of Nouriel Roubini’s new book, one episode stood out that once helped cement his fame. The American economist had just warned about the bursting of the real estate bubble and economic meltdown (which occurred in 2008) at a conference in Las Vegas in 2006, when the broker bid farewell to him sarcastically: “I think we all need schnaps first.”

Whoever reads “Megathreats,” Roubini’s new work on “The Ten Threats of Our Time,” will not escape the intoxicating intoxicant. He will need a full bottle of alcohol.

After all, these are ten huge, very bleak threats whose arrival will “derail our lives and world order in a way no one has ever seen before,” writes Roubini: “We are standing on the edge of a cliff, and the ground beneath our feet is vanishing.”