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Monday, July 23, 2012

Nouriel Roubini's Devastating Diagnosis

A'' perfect storm'' in 2013 on the world economy Professor Nouriel Roubini forecasted in a recent Reuters interview - Nouriel Roubini, is a professor at New York University who predicted the crisis of 2008. Roubini gives five factors contributing to the 2013 storm: the worsening crisis in Europe; tax increases and spending cuts in the U.S. could slip into recession, cooling Chinese economy, the slowdown in emerging markets, and the military confrontation in Iran.

Nouriel Roubini, the NYU economist nicknamed "Doctor Doom" for his prediction of the 2008 financial crisis, believes that events are again turning against the global economy. (July 18, 2012)

NOURIEL ROUBINI BLOG