Tuesday, July 10, 2012

Dr. Doom: “The 2013 Perfect Storm Scenario Is Unfolding”

There is no hiding the fact that the global economy is now teetering on the real possibility of a complete meltdown – one that promises to be far worse than the financial crisis of 2008.

Dr. Doom Nouriel Roubini, often cited by mainstream and alternative analysts alike, says that we are now in the midst of the “perfect storm” he detailed at the 2012 Skybridge Alternative Conference in Las Vegas in which he forecast a world-wide economic “train wreck”. Among other things, Roubini warned that the United States would fall back into recession, stock markets would go into a tailspin, Europe would begin to break up, emerging markets – namely China – would experience major slowdowns, and military conflict in Iran would lead to further geo-political turbulence.

According to Roubini, that ‘Perfect Storm” scenario has now taken hold:

“The 2013 perfect storm scenario I wrote on months ago is unfolding,” Roubini said…



Roubini said that unlike in 2008 when central banks had “policy bullets” to stimulate the global economy, this time around policymakers are “running out of rabbits to pull out of the hat.” Read more.....

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