Roubini Sees US More Likely to Escalate in Iran Than Back Down

Nouriel Roubini predicted that US President Donald Trump is more likely to escalate his war in Iran to obtain a win than back down and risk worse consequences on the economy and international order.

“My baseline is that there is a more than 50% probability of escalation,” the former White House economist said Friday in an interview at a gathering of economists and business leaders on Lake Como in Italy. “Escalating and losing is less likely than escalating and winning but it’s a big risk to take.”