Economist Nouriel Roubini is standing by his prediction for a global "perfect storm" next year as economies slow down or shudder to a complete halt, geopolitical risk grows and the eurozone's debt crisis accelerates.
Economist Nouriel Roubini stands by his prediction for a global "perfect storm" next year as economies slow down or shudder to a complete halt, geopolitical risk grows and the eurozone's debt crisis accelerates.
By CommodityHQ: Nouriel “Dr. Doom” Roubini has long been in the limelight given some of his bold predictions on the economy. But what keeps him at the forefront is the accuracy of a number of his statements and forecasts for the future, so when Roubini gives an opinion on the future, people tend to listen.
Russia and Ukraine continue to be the geopolitical hotspot of the world. The U.S. just imposed stricter sanctions on key Russian officials who are believed to have played a role in escalating the crisis in Ukraine. Economist Nouriel Roubini believes this crisis could certainly escalate.
I just finished reading Nouriel Roubini's seven point analysis on the Bursting of the Gold Bubble in which Roubini's asks and answer the question "Gold skyrocketed to over $1,900 per ounce in the fall of 2011 from $800 in early 2009, but has since collapsed by around 27%. Why?"
I offer a point-by-point rebuttal.
A "global perfect storm" looms for 2013 in which the U.S. economy could fall back into recession and the euro zone will begin to break up, according to the latest gloomy forecast from economist Nouriel Roubini.