- Prison Planet.com - http://www.prisonplanet.com -
Roubini: My ‘Perfect Storm’ Scenario Is Unfolding Now
Posted By admin On July 9, 2012 @ 8:57 am In Featured Stories,Tile | Comments Disabled
July 9, 2012
“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 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.
Chinese inflation data  released on Monday, suggested that the economy is cooling faster than expected, while employment data out of the U.S. on Friday indicated that jobs growth was tepid for a fourth straight month in June.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/roubini-my-perfect-storm-scenario-is-unfolding-now.html
URLs in this post:
 CNBC: http://www.cnbc.com/id/48116835
 four elements: http://www.cnbc.com/id/47356500/?Global_Economy_Faces_a_Perfect_Storm_in_2013_Roubini
 Chinese inflation data: http://www.cnbc.com/id/48114690/
 Roubini Says a ‘Perfect Storm’ May Converge on the Global Economy in 2013: http://www.prisonplanet.com/roubini-says-a-%e2%80%98perfect-storm%e2%80%99-may-converge-on-the-global-economy-in-2013.html
 ‘Perfect storm’ as market tremors hit China, Europe and the US: http://www.prisonplanet.com/perfect-storm-as-market-tremors-hit-china-europe-and-the-us.html
 China’s ‘Doomsday Scenario’ Is Something Every American Understands Very Well: http://www.prisonplanet.com/chinas-doomsday-scenario-is-something-every-american-understands-very-well.html
 The next economic perfect storm – should start mid February: http://www.prisonplanet.com/the-next-economic-perfect-storm-should-start-mid-february.html
 A perfect storm is brewing for the IPCC: http://www.prisonplanet.com/a-perfect-storm-is-brewing-for-the-ipcc.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.