The strangely named Dr. Doom has issued a 2013 prediction in which he says there will be an economic perfect storm. Of course the outcome is doom and gloom. The Inquisitr reports that economist Nouriel Roubini stands behind his claim of disaster for the world and its economies next year.
Because the NYU economics professor correctly predicted 2008's financial crises, people tend to pay attention to him. However, there is only so much bad news that people are willing to hear, so many are not paying heed to Dr. Doom's 2013 prediction.
A big part of the reason for the so-called perfect storm is U.S. tax increases combined with reduced spending. Add to that Europe's debt crises, China's tough economy fall, and Iran issues, and it has all the makings of trouble according to the good, bad doctor.
Questions:
Do you think his prediction for 2013 has any merit or cause for concern? If so, is there anything that can be done to stop the world from continuing down its disastrous course? What?
Because the NYU economics professor correctly predicted 2008's financial crises, people tend to pay attention to him. However, there is only so much bad news that people are willing to hear, so many are not paying heed to Dr. Doom's 2013 prediction.
A big part of the reason for the so-called perfect storm is U.S. tax increases combined with reduced spending. Add to that Europe's debt crises, China's tough economy fall, and Iran issues, and it has all the makings of trouble according to the good, bad doctor.
Questions:
Do you think his prediction for 2013 has any merit or cause for concern? If so, is there anything that can be done to stop the world from continuing down its disastrous course? What?
