ROUBINI: Perfect Storm Or Not, 2013 Looks Awful!!!

Economist and NYU professor Nouriel Roubini gave an interview with Bloomberg in Turkey to discuss the fiscal cliff and his global economic outlook.

He has a particularly bleak global outlook and, although it is not his most likely scenario, believes there is a chance that an economic perfect storm might devastate the global economy in 2013:

The perfect storm is not my baseline scenario. My baseline scenario is one of low economic growth in advanced economies and recession in some of them, like the euro zone, like the U.K., like Japan but not recession in the U.S., slower economic growth in emerging markets; that’s the baseline.

But there could be a situation in which you could have a perfect storm that would happen if there is a fiscal cliff in the United States that tips the US into a recession, if the euro zone crisis gets worse and there is an exit of Greece that is disorderly, if the landing of China becomes a hard landing of China, and four, if we really had a war in the Middle East between Israel and Iran and oil prices go to $200/barrel.

Roubini is most concerned about conditions in the euro zone. He says that the latest data indicates that the E.U. has gone into a double-dip recession, and projects that nations on the periphery of the E.U. (Italy, Spain, Cyprus, etc.) will remain in recession throughout 2013 and beyond. He cites an overvalued euro, front-loaded fiscal austerity, a credit crunch by banks, and low business and consumer confidence as the basis of his pessimism. He does, however, see a “ray of hope” in the sense that Europeans are realizing the severity of their problems and are moving more aggressively to address them.


Read more: [link to www.businessinsider.com]

The perfect storm is not my baseline scenario. My baseline scenario is one of low economic growth in advanced economies and recession in some of them, like the euro zone, like the U.K., like Japan but not recession in the U.S., slower economic growth in emerging markets; that’s the baseline.

But there could be a situation in which you could have a perfect storm that would happen if there is a fiscal cliff in the United States that tips the US into a recession, if the euro zone crisis gets worse and there is an exit of Greece that is disorderly, if the landing of China becomes a hard landing of China, and four, if we really had a war in the Middle East between Israel and Iran and oil prices go to $200/barrel.


Read more: [link to www.businessinsider.com]

Phenn....you don't think the US is in a recession (or worse) already?

Mars enters Capricorn now, on November 16 or 17, depending on where you are. This is a very important ingress. As discussed before, it has a historical correlation to an escalation of military threats in the Middle East involving Israel. If you have been watching the news, you know this has already begun. As Friday’s Wall Street Journal reported, “Israel pounded the Gaza Strip with planes and artillery for a second straight day and began mobilizing tens of thousands of troops, while Palestinian militants mounted their deepest-ever missile strikes into the heart of Israel.” As Mars approaches Pluto and forms a square to Uranus November 22-27, this dangerous and explosive situation could erupt the closer we get to that time band. And it may involve other areas too, besides the Middle East. [link to www.mmacycles.com]

The entire global economy is in a deep depression - a collapse, actually. The only job of 'the authorities' and their propaganda outlets is to manage the public perception of what is the total collapse of their system with no recovery possible. In other words, trying to stave off guillotine recompense.

A new order is emerging - but it doesn't include the vast majority of those who hold public positions of 'authority' today. They're all scared shitless.

Perfect Storm? Unless your idea of a perfect storm is one created by HAARP, this is ignorant.

Securitization, unregulated collateral based credit markets, dirivatives, creating and exploiting risk, etc. is a few of the main components of a financial system specifically designed to bankrupt the globe.

Our financial markets are functioning perfectly as designed. We are in a depression that will ultimately be far worse than its pilot program of 1929.

Be advised OP, this economic doom is orchestrated and contrived as have all depressions and recessions throughout history been. All economies have always been controlled by powerful banking families and central banks. We were all born into slavery via our birth certificates and SS cards. Look it up.

there is the choice to take more than you give and the choice to share equally.

taking more than you give is the default choice.

all that the winners of that choice have done is to keep doing it.

it's like chopping down trees faster than they regrow to sustain your existence.

or to keep doing the same thing over again.

once you run out...it becomes impossible to sustain existence any longer.

and while the supply of trees lasts...they get better an better at taking more an more.

that is all any absolute capitalist system can do.

it's what you all try to do to sustain your existence.

The choice is what dictates the purpose of the system.

and you all supply the demand for power until you can't and the system collapses.

Things are grim for Portugal right now.

Too doom and gloom L/S, or is the truth intolerable to you? Not trying to pick a fight, but the info you posted is something one may hear on FAUX News?

yes very! For example there are no money to repair the heavy damadge from yesterday tornado!

Morning



So if we survive 21 december, we have something to look forward to!!

The Chicago Tribune tried to warn us about Barack Obama in 1934 The Un-seen Hand - Ralph Epperson -

Amazing web site... [link to www.ralph-epperson.com]


Plan for Action.. Leon Trotsky - Russian Communist

Spend Spend Spend... under the guise of RECOVERY - busy the Govt and BLAME THE CAPITALISTS for the Failure...

Junk the Constitution and Declare DICTATORSHIP



Here is a link to the FREE .pdf book
by Ralph Epperson... the un-seen hand.

[link to www.911truth.ch]

The Unseen Hand

ISBN: 0961413506

Category: Novel

Tag: History and Military

good morning my friend!!!

Luisport, I have to be honest, I just have to disagree with Roubini. The USA never came out of the Recession of 2008, which was in fact a depression.

Furthermore, by all measures, virtually every action Bush, Obama, Bernanke, Geithner, and others at the 'top' have taken has only worsened the situation.

Matters are far more dire on the economic front, I went to a high school basketball game last night and the snack stand was empty through all three games. They had 15 minute intermissions between games and no one, not a single person went to the stand during one of those intermissions.

I see parents struggling that were not struggling before. So, to be frank, Roubini is full of shit. He's an economist which is nothing more than a sociologist with better math skills.

In 2008, a wise gentleman told me, at best, TPTB might be able to buy an additional 10 years....

Wonder if he has changed his estimate?

Business Insider‏@businessinsider

Cracks In The Junk Bond Market Could Be Ominous For Stocks [link to read.bi]

The whole system is going to collapse,the whole world economy is going to fold up like a cheap tent,the question is when ???????????????


I notice how the media kept quiet about Americas debt bomb during the election and NOW the election is over the media are actually admitting the USA is bankrupt and the economy will collapse at the end of 2012


the signs are every were the world IS going to change BIG TIME!

To me it more like the Titanic at extra slow motion going down in a sea of boiling water and the people are like frogs on pills like xanex or valium totally asleep.

All the while the band from Washington, AKA Holy Hill of Venus plays on deck...





Last Edited by Gnostic Warrior on 11/17/2012 07:28 AM

Easily and if they wish, another 20....

Creating a global legend that the world is completely controlled and you little grain of sand in it, which, though understands what's going on around but can not change anything - it is perhaps the main part of that same plan to enslave the world, of which you speak. Look at everything as if from another planet, and you will see that those who are assigned superpowers such as insects on the body of the planet, which is just a bit more fussy, cunning and unscrupulous than others

I never liked or trusted Rubini...EVERYTHING he said in the article is wrong and that fucker knows it!

Roubini = FAIL!

Newsflash: The US is IN a recession and has been for 4 years.

What's coming up is hyperinflation and depression and the collapse of the dollar.

Thanks Obernanke!