Thursday, August 6, 2009

Downside Risk for Commodity Prices says Nouriel Roubini

Professors Nouriel Roubini of New York University co founder and chairman of RGE says the recession will continue to the end of the year , The commodities prices will surprise in the downside because of the slow recovery of the advanced economies , China's stockpiling of commodities may come to a halt or slow down "My concern is that China might have accumulated an inventory of commodities that is probably excessive to the growth of its economy," he told delegates, adding that the recession would "continue to the end of the year".says Roubini

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