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Message Subject
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ROUBINI: Perfect Storm Or Not, 2013 Looks Awful!!!
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Poster Handle
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Carshy McCarsh |
Post Content
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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] Quoting: Phennommennonn 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!
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