The Economic Megathreats That the World Has No Answers To | Economics Explained with Dr. Roubini

The more you learn about economics, the less you know about economics.

As someone majored in industrial engineering, I want to point out that just-in-time systems were known to be fragile, and I was taught that it's more of a concept than something that actually should be executed by the book due to risk evaluation. What really should happen is that a good engineer should identify areas where the risk to supply chain is high and keep higher stocks in those areas, and drive areas where the risk is low to be more lean. However, companies, especially with its shareholders, will push aggressively for that magical "just-in-time" system regardless of risks, as it improves short-term profitability/price competitiveness…

"the poor are going to bear the brunt of the impact" is 1 conclusion that can be safely put into any economic analysis.

According to Bipan Rai, North America director of FX strategy at CIBC Capital Markets, "there is growing concern that incoming data is showing that the Fed may be slightly behind the curve than perhaps they expected heading into this year." More red than green is seen in my portfolio. How are other people in this making huge sums of more than $350K in this downturn?

Watching the numbers come in for each category was like watching IGN shower a game with praise and then give it a 6 out of 10

Toyota who created Just In Time, practice it very differently to most major corporations. They selectively stockpile certain products, to avoid disruptions. Like microchips, which is why they weren't as affected during the shortages

Imagine being a younger millennial, seeing the effects of the 2008 crisis, currently dealing with the effects of a giant market bubble, hyperinflation, being unable to buy a home and trying to stay positive 😅😭

I work in the supply chain industry, and Just In Time is a scourge. It is a policy advocated for by private equity ghouls after they buy a company and it demands heavy concessions to all other business considerations such as lead times, service levels, and employee morale. All of this is sacrificed in the altar of efficiency. These people will employ brutal methods to hammer out even a single extra percent of efficiency. Just In Time is also what totally doomed our supply chains when COVID hit. No one anywhere had any back stock to work from. There was not buffer or cushion.

Wait what? There are counties outside of the USA??? That really was a shocker to learn that. This channel really puts things into perspective

The more I learn about Economics, The more depression I get.

As someone who's worked in manufacturing for my whole adult career, I've always thought that the ability to "just send it to China where the labor is cheaper" limits manufacturing advancements because there is less incentive to innovate here when it might be cheaper to offshore (though we typically neglect the cost of poor quality that correlates to offshoring). If that drives more domestic innovation, perhaps there's a (minor) upside if this plays out the way portrayed in the video (not saying it outweighs the negatives)

American peoples is suffering, starving and struggling now, but the US government is worried about the Ukrainian government and peoples.

"...but since the global average is exactly in line with the global average it gets a 5 out of 10."

“Hoping for new technologies to save the day is a risky bet to make…” Wasn’t this the crux of the Australian Government’s environmental plan in 2022? 🤣

I love that you are uploading the videos to Spotify now, I greatly appreciate that! I just wish your uploading script didn’t broke and actually uploaded the latest episodes instead :D

I love all your videos but I think this has to be my favourite one to date. Not many people know the economic complexity of globalization and I think this video does a phenomenal job at explaining it (or at least the basics). Absolute love it, thank you!

Wow EE really stepped up the apocalypse scenarios in this one :D

Always happy to see a more scientific understanding of economics instead of hearing the ramblings of the left and right. Thank you. One idea: could you cover the economy of Victorian England or The Gilded Age? Both are examples of early capitalism with very little regulation, possibly emulating some of the issues of Laissez-faire capitalism promoted by hard-line libertarians.

One thing that no one talk about is the cost and waste of overproduction. I was stun when I realized that half of what is produced in fact end up in landfill straight out of the factory in order to keep the price high... This should be a topic worth exploring.

This is your best video yet as this is something I can share to people who otherwise have NO interest in economics. Thank you!