Roubini Warns Canada’s Housing Bubble about to Burst
‘Dr. Doom’ warns Canada’s housing bubble about to burst .
It’s the doctor versus
the governor in the ongoing debate over the direction of Canada’s
housing market. On the pessimistic side there’s
Nouriel Roubini
,
the man known as “Dr. Doom” for his pessimistic outlook on the global
economy. He recently pinpointed Canada’s housing market as a bubble set
to pop.
Canada
is in the company of other housing markets that Roubini (known as one
of the few to correctly predict the U.S. housing crash) says are showing
“signs of frothiness, if not outright bubbles,” including Switzerland, Sweden, Germany, Australia and New Zealand. - via ca.finance.yahoo.com
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics