Tuesday, July 10, 2012

Economic "Perfect Storm" Unfolding

Nouriel Roubini, who forecast an economic "perfect storm" earlier this year, says his storm is now unfolding.

He cites 4 main elements in the "perfect storm":
stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran
One of these has not come to fruition. Let's hope he's wrong.

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