UnusualWhales

"Now we're facing the perfect storm: inflation, stagflation, recession, and a potential debt crisis," Nouriel Roubini has said.

"I do believe that a stagflationary crisis is going to emerge this year," he said in early March.

On SVB, he said: "There is at least one financial institution in Europe that has been historically undercapitalized, have had problems of recapitalizing, might have some bad assets, some exposures to long-term securities and unrealized losses."

"If something were to happen with this institution ... that will be much more systemically important — we're speaking about institutions with trillions of dollars of assets, not $400 billion like SVB," he said.

"That's the natural lag of the global contagion," said Roubini. "That's why even in Europe, stocks are way down, even though they had nothing to do with this particular [collapse]."