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Perfect Storm unfolding now

Discussion in 'Off Topic' started by Vantage, Jul 9, 2012.

  1. Vantage

    Vantage Pacific Standard Time Active Member

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    "Dr. Doom" Nouriel Roubini, says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
    In May, Roubini predicted four elements - stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together in to create a storm for the global economy in 2013.

    "(The) 2013 perfect storm scenario I wrote on months ago is unfolding," Roubini said on Twitter on Monday.



    Roubini: My 'Perfect Storm' Is Unfolding Now - Yahoo! Finance