Friday, June 12, 2009

crude may rise to $100 a barrel next year Nouriel Roubini said

Nouriel Roubini, the New York based Professor of Economics
and International Business in
Stern School of Business, New York University and who predicted the financial crisis, said crude may rise to $100 a barrel next year.
Roubini said in 2006 that the worst recession in four decades was on its way. He has attracted attention for his gloomy _ and accurate _ predictions of the U.S. financial market meltdown.
Roubini said the latest surge is just another bear market rally following the pattern of other rallies after the government intervened.

1 comment:

Anonymous said...

We in Malaysia are enjoying high growth and high inflation, I do not understand all this complaining. We have to thank China for our strong growth as our economy was going down until March 2009 and China rescued us by buying our commodities. Currently there is strong job market, 2 jobs for every worker, we have to import in foreign labour to do jobs that locals do not want to do ! We have high inflation, an example is a local dessert called "cendol" selling for $1.20 in local currency a month ago, is now selling for $ 1.80 in local currency. Thats a hefty increase, so don't complain, enjoy the boom ! So what if oil hits US$ 100-00 we can afford it, in fact we are getting higher salaries every month as our wages are upgraded due to inflation !

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