Roubini argued that the "biggest uncertainty in the world and biggest tail risk comes from the economic, foreign and security policies of the Trump administration." The New York University professor explained that because the US is the world's biggest economy, the consequences of a "severe policy mistake" can be enormous. Dr. Doom warned that Trump's tax plan, which he called a "joke," could actually worsen America's income inequality problem. Related: Bernanke calls Trump's 3% growth goal a 'long shot'Independent analysts warn that Trump's tax plan would dramatically drive up the US deficit. That would "hurt the white, blue-collar manufacturing workers who voted for Trump," Roubini said.

Source: CNN May 02, 2017 18:45 UTC