Sunday, October 23, 2011

Roubini : Soft Landing in China Is a Mission Impossible

China’s efforts to prop up economic growth won’t help it escape the hard landing that will probably arrive in 2013 or 2014,
The prospect of a soft landing in China is a “mission impossible,”
Over-investment “always” leads to a hard landing Nouriel Roubini said at a seminar in Helsinki today organized by Evli Bank Oyj - in Bloomberg
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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in