Monday, January 30, 2012

'Dr Doom' - economist who predicted financial meltdown of 2008 - now warns Iran conflict 'could spiral economy into global recession'

"Economist Nouriel Roubini, nicknamed 'Dr. Doom' for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade.

Dr Roubini, widely acknowledged to have predicted the crash of 2008, sees tough times ahead for the global economy and is warning that without major policy changes things can still get much worse.

He said the biggest uncertainty is the possibility of a conflict with Iran over its nuclear program that involves Israel, the United States, or both..."
at http://www.dailymail.co.uk/news/article-2093165/Dr-Doom--economist-predicted-financial-meltdown-2008--warns-Iran-conflict-spiral-economy-global-recession.html#ixzz1kyKpKnMO