Professor Nouriel Roubini explains why he believes financial markets are underestimating the financial risk of protectionist policies
— March 18, 2017
Excerpt from CNBC -- "'[Markets] are overestimating the positives of the US-Trump policies. Infrastructure, stimulus, deregulation, tax cuts: I think Trump will achieve much less on those dimensions,' he said. 'And they're underestimating the risk that the U.S. protectionist policies are going to lead to trade wars, that the restrictions on immigration are going to slow down labor supply, and that micromanaging the corporate sector is going to be negative.'"