Roubini sticks to 2013 "perfect storm" prediction

mystic_trev

Economist Nouriel Roubini is standing by his prediction for a global "perfect storm" next year as economies the world over slow down or shudder to a complete halt, geopolitical risk grows and the euro zone's debt crisis accelerates.

:eek:

http://uk.reuters.com/article/2012/07/17/uk-roubini-outlook-idUKBRE86G1C120120717

Aso here.

http://www.telegraph.co.uk/finance/debt-crisis-live/9406901/Debt-crisis-live.html

Wookster

There is no doubt that the Eurocrats in Brussels congratulate themselves on their big fat EU pensions, Rome, and Madrid, and Athens will burn.

homelessskilledworker

mystic_trev wrote: »

:eek:

http://uk.reuters.com/article/2012/07/17/uk-roubini-outlook-idUKBRE86G1C120120717

Aso here.

http://www.telegraph.co.uk/finance/debt-crisis-live/9406901/Debt-crisis-live.html

I have been saying this for a while now, but I prefer Micheal Portillo's term "AN EVENT" is coming

joe_blotts

You mean this Roubini:

mystic_trev

joe_blotts wrote: »

You mean this Roubini:

No, sorry, I meant this one.

Nouriel Roubini (born March 29, 1959 in Istanbul) is an American economist. He anticipated the collapse of the United States housing market and the worldwide recession which started in 2008 and ended in 2009

http://en.wikipedia.org/wiki/Nouriel_Roubini

Conrad

I'm beginning to think the world is overly obsessed with growth and just has to get used the idea of some years of zero / low growth as we've only the one planet to support it all.

Having said that, the impending third industrial revolution may come sooner than expected.

abaxas

As long as he is only 99% wrong, he'll have a better record that Merv :P

shortchanged_2

Conrad wrote: »

I'm beginning to think the world is overly obsessed with growth and just has to get used the idea of some years of zero / low growth as we've only the one planet to support it all.

Having said that, the impending third industrial revolution may come sooner than expected.

Does this mean you've given up on your green shoots economic theory Conrad?

StevieJ

mystic_trev wrote: »

No, sorry, I meant this one.



http://en.wikipedia.org/wiki/Nouriel_Roubini

If I remember correctly the US housing market was already collapsing in 2006?

In September 2006, he foresaw the end of the real estate bubble

Business Week magazine writer Michael Mandel, however, noted in 2006 that Roubini and other economists often make general predictions which could happen over multiyear periods

purch

Nouriel Roubini.

Another of those self publicists who constantly make a number of dire predictions, and when one of the many is 50% right, like to claim that they and only they had the foresight to see it coming.

A complete !!!!!! !!!

downshifter98

Yup he reminds me of that current 'magician' (forget his name but it's not Paul Daniels haha) who showed off a winning ticket for the Euro cup but forgot to mention that he probably bought about 10,000 combinations! Truth is no one knows the future but occasionally someone eminent gets lucky and then dines out on that for the remainder of their life (this is especially true when it's a doom laden prediction) - reminds me of all this comparing today's system failures with those of the 1920's/30's - it's like comparing modern cruise ships with the Titanic - yes things can go wrong but humans adapt and learn so that the outcome is tempered (even if sometimes we leave it until the last minute to fix something). Here's my prediction for the future - there will be some good stuff, some bad stuff and occasionally the poo will really hit the fan but overall capitalism will continue to thrive and overall humans will continue to improve things (average lifespans, cruise ships, aeroplanes, fossil fuel extraction) oh and then, one by one, we will all die. Welcome to life - enjoy it all while you can.

Thank you.