STOCK MARKET WATCH -- Monday, 9 July 2012

[xchrom]

16. ROUBINI: Next Year Could Be A Global Perfect Storm—Much Worse Than 2008

http://www.businessinsider.com/roubini-perfect-storm-2012-7-a

NYU Professor Nouriel Roubini is in Aix-en-Provence.
But the French countryside hasn't cheered him up any.
In fact, in a new video interview with Bloomberg's Caroline Connan, Professor Roubini has outdone himself, issuing a forecast so apocalyptic that even devout Roubini-ites will be startled by its pessimism.
(It's the smoothness, eloquence, and utterly matter-of-fact delivery that makes it so alarming).
The fun starts at the 5-minute mark. Here are the highlights, which are delivered in perfect bullet-point format by Roubini, one after another:
"By 2013, the ability of policy makers to kick the can down the road is going to run out of steam"
"In the Euro-zone the slow-motion train-wreck could become a faster-motion train wreck"
"The US looks close to stall-speed and a recession, given the latest economic data"
"The landing of China is becoming harder rather than softer"
"The other emerging markets are all sharply slowing down in terms of growth--the BRICs, China, Russia, India, Brazil, and also Mexico, Turkey. Partly it's because there's a recession in the Eurozone and UK, partly it's because they're not doing their reforms."


Read more: http://www.businessinsider.com/roubini-perfect-storm-2012-7-a#ixzz207stm3YN