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Saturday, August 25, 2012

Roubini : Markets Should go Down after lousy Capex Report

Nouriel Roubini :" Dismal capex report: core capital goods orders are falling at a 9.3% 3months over 3months SAAR rate. Capex is contracting at very rapid pace "
"U.S. Capital Goods Orders Decline Most Since November http://bloom.bg/QyphZy . Given global/US uncertainties there is a major capex strike "
"EZ in deeper recession; China growth faltering; US slowing down. Market down yesterday;they should be lower today after lousy capex report " - in twitter
NOURIEL ROUBINI BLOG