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Roubini doom scenario: It looks like 1914 again

Kiran Moodley
CNBC [1]
January 23, 2014

With many parts of the world gearing up to commemorate the one hundredth anniversary of the start of the First World War, Nouriel Roubini has solidified his hold on the title “Dr. Doom” by suggesting parallels between 2014 and 1914.

There may be no Austro-Hungarian empire or Archduke Franz Ferdinand, but Roubini tweeted this from the World Economic Forum (WEF) in Davos today:

He then tweeted some of the reasoning behind this train of thought.

While Roubini is renowned for his bubble warnings and doom scenarios, his concerns weren’t drawn out of thin air, but rather taken mainly from the lips of Japanese Prime Minister Shinzo Abe.

According to reports from both The Financial Times and BBC, Abe said on Wednesday that China and Japan were in a “similar situation” to that of Britain and Germany ahead of World War One.

Full story here. [1]