Thursday, September 30, 2010

Roubini sees more Doom for world economy and the Emerging markets in particular

Speaking at the World Capital Markets Conference in Kuala Lumpur on Monday, World Famous Professor of economics Dr. Nouriel Roubini clearly expressed his pessimism regarding world economy , in particular in the united states he did not rule out a repeat of a major economic recession , where he said about 300 banks have gone bankrupt over the past couple of years.
Nouriel Roubini stated that "nothing has changed fundamentally. When the regulatory reform was passed by the U.S. Congress, my view is too little, too late. We are already in a situation which is going to feel like a recession, (even) if we are not in one." Roubini sees more Doom to come for world economy and in particular for the Emerging markets

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