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Sunday, July 8, 2012

Roubini : 2013 Storm May Surpass 2008 Crisis

Roubini : 2013 Storm May Surpass 2008 Crisis

July 7 (Bloomberg) -- New York University Professor Nouriel Roubini from Aix-en-Provence, France talks to Bloomberg TV about what he calls "greedy" bankers, the euro-zone crisis and risks facing the global economy in 2013. " ...the incentives of the banks are still to cheat or to do things that are immoral and the only way top avoid that is to break-up this financial supermarket " Roubini says Bankers are greedy and they have been greedy for the last 2000 years he explains " i think that by 2013 the ability of the politicians to kick the can down the road is going to run out of steam , in the Eurozone the slow motion train wreck could become a faster motion train wreck , the US looks like close to stall motion and another recession given the recent economic data the landing of China is becoming harder rather than softer , the other emerging markets are also sharply slowing down all of the BRICKS , China Russia India Brazil also Mexico and Turkey and a lot of other emerging markets partly because of the recession in the Eurozone in the UK and now stall speed in the US and finally there is the time bomb of a potential war between Israel the US and Iran ...so it is a perfect storm...": says Nouriel Roubini

NOURIEL ROUBINI BLOG