Monday, August 2, 2010

Nouriel Roubini warns of more declines

On July 4, two days after the benchmark fell to 1,022.58, New York University economist Nouriel Roubini warned of more declines.
“The next few weeks and months will be a time of volatility as the market surprises on the downside,” he said July 4 in an interview at a meeting of France’s Circle of Economists in Aix en Provence, France. Roubini, who recommended selling stock before the S&P 500 slid as much as 57 percent from its record in October 2007, forecasts the global economy will slow in the second half as Europe puts in place measures to reduce debt, slowing demand. Roubini, the chairman and founder of Roubini Global Economics,

No comments:

Related Posts Plugin for WordPress, Blogger...