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Monday, August 13, 2012

Nouriel Roubini Warning : Growth could be close to Zero by next Year

August 12, 2012 Linda Wertheimer interviews Nouriel Roubini, whose nickname is Dr. Doom, for the second installment in her series of big idea conversations with leading economists.
WERTHEIMER: The fiscal cliff is the decision that the Congress has to make, to either renew the President Bush's tax cuts or permit rather drastic cuts in spending and increases in taxes to take place.
ROUBINI: Yes, if all of those things were to occur, the drag on the economy could be very, very large and growth could be close to zero by next year. And we could be stuck and sulk again about stalled speed or a double-dip recession.

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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