Nouriel Roubini: What do higher bond yields augur for global stock markets and economic growth?
Of course, in advanced economies that are stagnating and not innovating as much as the US, concerns about large fiscal deficits, public-debt accumulation and future central-bank monetization of deficits are justified, as are fears of large negative aggregate supply shocks. Here, too, higher sovereign bond yields are exactly what one should expect. ©2026/Project Syndicate
