Roubini: Risk of "Global Perfect Storm" in 2013

In an interview with Chrystia Freeland of Reuters on July 17, Nouriel Roubini, chairman of Roubini Global Economics, warned that a "global perfect storm" could hit the global economy in 2013. By next year, he warned that 1) the "eurozone slow motion train wreck" could accelerate; 2) the U.S. economy could reach "stall speed" growth and possibly contract if there is fiscal tightening at the end of the year (fiscal cliff); 3) there could be a hard landing in China; and 4) the market's fear premium could rise on the risk of military confrontation with Iran. Watch the 16 minute interview below.

Roubini recently:

*We’re Not Even Close to a Robust Recovery (Slate)
*American Pie in the Sky (Economonitor)
*Roubini Compares Eurozone Crisis to 1931, Warns of Depressions (DistressedVolatility)

Somewhat related: Raoul Pal: "2012 and 2013 Will Usher In The End" (Report)

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