DOOMSAYER Nouriel Roubini, photographed at a restaurant in New York’s Tribeca neighborhood – Image: by Chris Buck
Credits Due to Bizjournals
Says to Invest in Cash as the Bull Sleeps
A “perfect storm” of events will collide in 2013 and throw the world back to economic crisis, warns New York University economist Nouriel Roubini.
Roubini, who accurately predicted the timing and severity of the recent recession (December 2007), says investors have made overly optimistic U.S. growth expectations for the second half of the year and could get burned.
The economy will grow but at a sluggish pace, and those who haven’t priced that assumption into their investment models are going to pay.
