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Monday, December 12, 2011

Roubini : Eurozone Recession deepening

Professor Nouriel Roubini wrote in a recent twitter message that the Euro Zone recession is deepening now that the summit solved little to nothing "EZ PIIGS spreads widening again now that markets realize that the summit solved little or nothing while EZ recession deepening" he wrote and he predicts to see more recession and a possible French AAA rating downgrade "EZ fiscal compact means that both periphery & core will front-load even more recessionary & deflationary fiscal austerity. Markets noticing" he adds in another message
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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in