NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Monday, August 1, 2011
Nouriel Roubini : 2013 The year of The Perfect Storm
Nouriel Roubini : My prediction for the perfect storm is not this year or next year but 2013 , because everybody is kicking the can down the road , we going to have a problem in the US after the election if we do not resolve our fiscal problem , China is overheating and at fix investment of 60 percent of GDP eventually it going to get a hard landing , The Europeans are pushing their problems but Greece Ireland Portugal need to restructure their debt they are insolvent that's going to be on 2013 , Japan is going to shorten its stimulus it is going to slack again in a year from now , so I se every country in the world trying to push their problems to the future , we started with private debt public debt super national debt we are kicking the can down the road and eventually all this is going to come to a an end in 2013 - in CNBC
Perfectly true. All the world leaders are living in the concept of "NOW" all they care is to resolve the present problem, apply a bandage. Why worry about the "Root Cause"? Let that be taken care of by someone in future. The way things are moving, there is no "Optimism" left for future.
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