Thursday, December 3, 2009

Nouriel Roubini on Dubai Financial Crisis

Nouriel Roubini Blog

Dubai crisis a reminder of vulnerability : Roubini

NEW YORK -- Nouriel Roubini, the New York University professor who predicted the financial crisis, said Dubai's attempt to reschedule debt is a reminder of the global economy's vulnerability to a setback.

“Although Dubai World's financing issues are not a surprise and are relatively small given global credit losses, they are a reminder that the vulnerabilities and imbalances that contributed to the credit crunch have not disappeared,” Roubini said on his RGE Web site today.
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