Economist who predicted 2008 crash says coronavirus will send Trump’s 2020 prospects down in flames

Economist who predicted 2008 crash says coronavirus will send Trump’s 2020 prospects down in flames
Image via Screengrab.

Nouriel Roubini, the economist who earned the nickname “Dr. Doom” for his accurate predictions of the 2008 financial crisis, believes that the spread of coronavirus will tank the stock market and cost President Donald Trump the 2020 election.


Per Business Insider, Roubini told German newspaper Der Spiegel that he expects the virus will cause the stock market to drop by as much as 40 percent this year.

When that happens, Trump will lose his top talking point about the purported “greatest economy ever” and his reelection campaign will go down in flames, the economist predicted. What’s more, he said that Trump’s campaign was toast no matter who wins the 2020 Democratic presidential nomination.

“The Democratic field is poor, but Trump is dead,” he said.

Roubini also said he’s seen fears about coronavirus already impacting his local economy.

“I live in New York City, and people there are hardly going to restaurants, cinemas, or theaters,” he said. “If it comes, we are totally f*cked.”

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.