Wednesday, July 18, 2012

Roubini sticks to 2013 Perfect Storm Prediction

Nouriel Roubini : "Next year is the time when the can becomes too big to kick it down (the road)...then we have a global perfect storm," Roubini said in a video interview with Reuters today

"There might be a weak rally because people are being cheered by more quantitative easing by (Chairman Ben) Bernanke and the Fed, but if the economy is weakening, that is going to put downward pressure on earnings growth," said Roubini.

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