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Friday, April 27, 2012

Roubini : GDP Growth in Q1 Disappointing

Nouriel Roubini : " Q1 GDP growth disappointing &, after 2 quarters of outsized inventory increases, a Q2 payback may occur. Final demand still up a poor 1.6% " says Nouriel Roubini in a twitter message today " For how long can consumption grow much faster than income and households run down their savings as income growth in Q1 was very mediocre? " " For how long can consumption grow at a 2.9% rate when real disposable income is growing only 0.4%? Not long as you can't keep cutting savings" he added 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