News Snapshot:
Nouriel Roubini: in debt terms, the entire world now resembles Argentina, a country that has defaulted four times since 1980. Photograph: John Lamparski/Getty Images for Concordia Summit I’d only half-read Nouriel Roubini’s new book, Megathreats, when the urge to retreat into the Wicklow hills with powdered milk and a shotgun was already overwhelming. The Turkish-born US economist paints such a grim, dystopian picture of the world that it’s hard not to wring your hands in despair. He says the global economy is on a collision course with not one but 10 overlapping, interconnected potential disasters all of which have the...
