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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

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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