Dr. Doom Stands Behind 2013 Prediction
Economist Nouriel Roubini earned the nickname Dr. Doom after he correctly predicted the 2008 financial crisis. Well, according to Roubini, things are going to get worse in 2013.
Dr. Doom predicts that we will have a “perfect storm” in 2013 that will grind the global economy to a halt.
Dr. Doom told Reuters:
“Next year is the time when the can becomes too big to kick it down (the road)…then we have a global perfect storm.”
According to the Telegraph, Doom believes that tax increases and spending cuts in the US could put the United States into another recession. Roubini also said that the debt crisis in Europe, a “hard landing” for China’s economy, and military action in Iran could create a “perfect storm” in 2013.
Roubini predicts that U.S. stocks will remain flat this year and could see a sharp dive in 2013.
Dr. Doom said:
“There might be a weak rally because people are being cheered by more quantitative easing by (Chairman Ben) Bernanke and the Fed, but if the economy is weakening, that is going to put downward pressure on earnings growth.”
Here’s the interview with Dr. Doom as he talks about his 2013 prediction.
Tags : dr. doom, dr. doom 2013, dr. doom 2013 prediction, dr. doom perfect storm, dr. doom predicts perfect storm, economic prediction
Posted: July 23, 2012
![Obama Forgets Salute At Marine One, Sheepish President Quickly Returns [Video]](http://cdn.inquisitr.com/wp-content/uploads/2013/05/Obama-Forgets-Salute-At-Marine-One-Sheepish-President-Quickly-Returns-100x100.jpg)
![Katherine Webb Engaged? New Pictures Spark Rumors [Photo]](http://cdn.inquisitr.com/wp-content/uploads/2013/05/Katherine-Webb-Engaged-100x100.jpg)
Jul 23, 2012
wtf if he said it was all good it would never make the news…
Jul 24, 2012
Oh, so it doesn't matter whether Romney or Obama wins?
Jul 24, 2012
Don't worry, the Fantastic Four will save us!
Jul 24, 2012
This person makes more sense than than any of the political bs anywhere in the world. Politics really mean nothing when presenting the facts and this guy has dedicated his life to knowing his business, wich is economics. Just as Rome, the US government and people are fast on the way to overextending our resourses, military, and breaking its treasury. And just as Nthan Hagens said the economic system is a giant global ponzi scheeme, its insolvent and we are going to face painful changes. Now, I`d like to believe we`ll help each other and keep moving forward, but when its about beans, bullets and bandaids, the neighborly world we know most likely decentigreats… excuse my spelling…lol I'm from Alabama, a result of lack of educational resourses already…lol.
Jul 24, 2012
Ron Paul has been saying this for how many years now. we need an honest wise man in office for once.