Roubini Says US Regional Banks Will 'Certainly' Suffer a Credit Crunch

The video discusses the potential credit crunch affecting regional banks in the US, which could reduce economic growth by at least 50 basis points. This reduction might lead to a growth recession, especially if other global economic headwinds persist, potentially causing economic contraction in the US and Europe. Additionally, the video touches on how political cycles, particularly US presidential elections, can introduce policy and political uncertainty, impacting markets and foreign policy.

What are the potential consequences of a growth recession in the US economy?

In what ways could political uncertainty affect foreign policy over time?