Saturday, August 25, 2012

Roubini : Markets Should go Down after lousy Capex Report

Nouriel Roubini :" Dismal capex report: core capital goods orders are falling at a 9.3% 3months over 3months SAAR rate. Capex is contracting at very rapid pace "
"U.S. Capital Goods Orders Decline Most Since November http://bloom.bg/QyphZy . Given global/US uncertainties there is a major capex strike "
"EZ in deeper recession; China growth faltering; US slowing down. Market down yesterday;they should be lower today after lousy capex report " - in twitter
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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