Monday, August 1, 2011

Nouriel Roubini : 2013 The year of The Perfect Storm

Nouriel Roubini : My prediction for the perfect storm is not this year or next year but 2013 , because everybody is kicking the can down the road , we going to have a problem in the US after the election if we do not resolve our fiscal problem , China is overheating and at fix investment of 60 percent of GDP eventually it going to get a hard landing , The Europeans are pushing their problems but Greece Ireland Portugal need to restructure their debt they are insolvent that's going to be on 2013 , Japan is going to shorten its stimulus it is going to slack again in a year from now , so I se every country in the world trying to push their problems to the future , we started with private debt public debt super national debt we are kicking the can down the road and eventually all this is going to come to a an end in 2013 - in CNBC

1 comment:

Anna said...

Perfectly true. All the world leaders are living in the concept of "NOW" all they care is to resolve the present problem, apply a bandage. Why worry about the "Root Cause"? Let that be taken care of by someone in future. The way things are moving, there is no "Optimism" left for future.

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