Roubini Says the Euro Zone is Destined to Fail

Nouriel “Dr. Doom” Roubini has long been in the limelight given some of his bold predictions on the economy. But what keeps him at the forefront is the accuracy of a number of his statements and forecasts for the future, so when Roubini gives an opinion on the future, people tend to listen. Aside from the fact that Roubini was prepared for and betting on QE3, he has also predicted a “perfect storm” for the global economy in 2013. He combined stalling U.S. growth, debt troubles in Europe, a military conflict in Iran, and a Chinese slowdown as the main culprits of what he feels is a coming recession [for more economic news and analysis subscribe to our free newsletter].

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Four Commodities To Buy Before Roubini’s “Perfect Storm”

Nouriel Roubini, known as “Dr. Doom” for his outlandish predictions on the economy, has a choppy forecast for the coming year. Back in May, Roubini predicted a tumultuous 2013 based on a combination of four factors, “stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran” writes Ansuya Harjani. Now, Roubini says that things are shaping up in favor of his foresight, as China is indeed faced with a slowdown, the euro zone is in shambles, the U.S. is sputtering along, and things in Iran have heated up once again [see also Doomsday Special: 7 Hard Asset Investments You Can Hold in Your Hand].

Posted in Actionable Ideas, Commodity ETFs, Commodity Futures, Gold, Precious Metals, Silver | Tagged , , | 19 Comments