Four collision courses for the global economy

Nouriel Roubini | Roubini Macro Associates | 24 September 2019

In the classic game of “chicken”, two drivers race directly toward each other and the first to swerve is the “loser”. If neither swerve, both will probably die. In the past, such scenarios have been studied to assess the risks posed by great-power rivalries. In the case of the Cuban missile crisis, for example, Soviet and American leaders were confronted with the choice of losing face or risking a catastrophic collision. The ...