Monday, August 8, 2011

Mission Impossible, Says Dr Doom

Fatima Kdouh


AVOIDING a severe global recession ''might simply be mission impossible'' after Standard & Poor's decision to downgrade he US's credit rating, a prominent US economist, Nouriel Roubini, has said. Professor Roubini - dubbed Dr Doom after predicting the collapse of the subprime mortgage market that precipitated the 2008 global financial crisis..... S&P's timing had added to global financial stress and significantly increased the risk of a double dip recession, he told Bloomberg.’ At this point in time, after two days of extreme market volatility, after a larger number of data suggesting the risk of double-dip recession, after severe financial stress in Spain and Italy … doing it at a time when there is turmoil in the markets … is maybe ensuring that a recession is going to occur.....

1 comment:

  1. not to late buy silver
    you have been advised good luck
    and pray to god for his mercy

    ReplyDelete

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