The global economy is headed into a stagflation era and central bankers may be trapping themselves by trying to normalize monetary policy, top economist Nouriel Roubini said. "The world economy is undergoing a radical regime shift," he said in an op-ed for Project Syndicate on Tuesday, declaring the end of the Great Moderation, during which economies enjoyed low inflation, high growth, and mild recessions. Those qualities have been the standard for the past few decades, but are reversing into what Roubini dubs as the Great Stagflation: an era of high inflation, low growth, high debt, and the potential for severe ... (full story)