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Thursday, December 15, 2011

Roubini: Goodbye China, hello Indonesia

In an article on the Financial Times dated October 25, 2011 entitled " Goodbye China, hello Indonesia " Professor Nouriel Roubini was very bullish about the Indonesian economy which has low inflation, low debt, young demographics and accelerating growth unlike China which heading for a hard landing , Finally Fitch Ratings has upgraded Indonesia’s long-term, foreign and local, currency issuer default ratings to investment grade (to ‘BBB-’ from ‘BB+’) a move that has Nouriel Roubini’s blessing as he wrote himself in a twitter message "Indeed Indonesia deserves that investment grade rating @ChrisAdamsMKTS: In a move that will get @nouriel blessing " he wrote .....

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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