Wednesday, June 12, 2013

Roubini On The fall of Gold and Crude prices and Future of Equity

Nouriel Roubini : It’s not clear because the reason why commodity prices are falling is global growth scare and weaknesses in the euro zone, the UK and in Japan and now slowdown in US growth. There is also growth scare coming from the fact that China is showing signs of slowing down and other BRICS countries are also having weak economic growth. If that growth scare is more than a scare, that is going to affect the earnings and profitability. That is going to actually be a negative for the US and other global economies. - in livemint
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