The 'five wars' that just might ruin it all for Australia

The second war will be the fight against climate change. The third war will be against the next pandemic; Roubini said we either spend a fortune to prepare for it beforehand, or spend even more when it arrives. The fourth war is around automation, improving the social safety net as AI and other technology cause job losses. All the wars are inflationary The fifth and related war is on income and wealth inequality, which will require fiscal policies that favour labour and minorities. Roubini says all of these wars are inherently inflationary. And in a world where high debt levels…