CNBC Roubini Video from SALT Conference: Global Economy Faces a ‘Perfect Storm’ in 2013:
5 Responses to “CNBC Roubini Video from SALT Conference: Global Economy Faces a ‘Perfect Storm’ in 2013:”
US markets flat for the year? I suspect we will be down in December if the FED decides not to give QE4
Predictions for exiting the euro for the peripheral countries opens the way to a Two Speed euro zones. Should that happen then the strong euro countries will be impacted in their commercial export an Germany will suffer more than any other being now the world first exporter. Such a situation will be beneficial for the weak euro countries that will gain advantage from their low value currency to increase their exports. It remains to be seen how the weak euro countries will be penalized in their country debt return, that is will they return the present foreign debt with the weak euro or with the strong euro, in the first case they will gain financial advantage and can stand up vis-a-vis the other countries, in the second case they will never recover and will be years from now in the same situation as of to day.
Listen and wake up, We are in great peril and there is no way to turn this around as the budget deficit and empty political promises in parallel with this Goldman Sachs administration and the ineptness in self-agenda by both sides of the aisel promises exactly what Biblical scripture has clearly pointed to…global calamity so stock your food and about your entrusted vote at the polling station, rid us of these arrogant elitists and begin to establish recall initiatives and stand shoulder to shoulder against these acts of treason to shred our US Constitution….God Bless us all!
The present EU 27 nation composition will be reduced to a ten (10) nation composition and Germany will hoodwink many….
For what it's worth, here is some advice. You are smart, as are many of us. One attribute of wisdom, is when you know not to pronounce on things you can't possibly know, understand, or grasp. It's really worth while learning just what you don't know, rather than always assuming you have the answer.
You're running around proposing Greece leave the EU and the Euro. Do you trully believe the science of economics can encompass ALL of human activity. Don't you understand that economics has a lot to learn, and has a lot of changes and developments into the future, in order to remain relevant to human undertakings?
Take a simple example. Military security of the hard and security variety, not the Internaitonal Relations you do with Bremmer, who is a risk analyst. Greece leaving the EU will radically transform her security position vis a vis Europe, the Balkans, Russia, Turkey, and the Mediterrenean. She will be leaving a massive multilateral institution, a monetary zone, a fiscal zone, and a variety of treaties which have sought to bring her national security priorities into line with that of the continent. Can you see where I am going with this? Think NATO.
I would not be as gung-ho as you are, with any exits. You guys are living in a kind of bubble, shuttling from Spain, to Honduras, from Caracas to Cochin – but you'll never be in touch with everything, and you should recognize that, and try to bring a bit of sanity into this new 24/7 medialised science of business economics. Run by the news cycle, not sanity.
If you undersatand the " price cycles " You could predict what will happen on USA economy
to find out more, please take a look on http://youtu.be/h4nyA6QoQnM
it is amaizing ¡¡¡¡¡