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Dr. Doom 2013 Prediction: Global Economic Turmoil Headed Our Way

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Dr. Doom 2013 Prediction: Global Economic Turmoil Headed Our Way
[ Business]

Dr. Doom 2013 prediction: Economist Nouriel Roubini recently stated that a “perfect storm” for economic disaster is currently brewing, and he stands behind his beliefs. Considering Roubini is the guy who accurately predicted the country’s previous financial disaster, it’s safe to assume that countless buttholes are being clenched whenever this guy has something to say. And while you may think the 2008 crisis was the worst that could happen, Dr. Doom feels that 2013 is going to be much worse.

Roubini, who teaches at New York University’s Stern School of Business, explained the economic disaster looming on the horizon could cause the global financial system to “grind to a halt”, which isn’t the sort of thing you want to hear when you’re attempting to keep your family’s heads above water. Most folks are still trying desperately to regain the foothold they lost during 2008′s disaster, never mind preparing for a much larger problem down the road.

Dr. Doom’s theory: Tax increases and spending cuts will push the United States into yet another recession. This, combined with Europe’s debt crisis, China’s wonky economy, and a potential military presence in Iran, could shove most of the civilized world towards a complete collapse. The problem, of course, is that we’re quickly heading towards the point of no return. Unless something is done immediately to turn the tide, turmoil seems inevitable.

“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,” Roubini explained.

Curious to hear more thoughts on the subject? The video you see embedded below contains a lengthy interview with Roubini, so feel free to dive in if you need more information.

Dr. Doom 2013 Prediction: Global Economic Turmoil Headed Our Way
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  • Tim Adams

    First off, this congressman has no interest if you payoff your student loans or not. What he wants it the votes to stay in office. Second, why is this even an issue, people need to wake up. So instead of regulating colleges/university to keep tuition low, they allow the institution to increase their fees every year, while paying hire and hire salaries to the professors and the president. Here in VT, UVM tuition has increase 10 folds, the president of the college gets a huge house and makes a salary of over $800,000 a year. Every professor makes of $100,000 and if you are an employee of UVM, your kids get to go to school there for free! SO you tell me where the problems are. Our society is so screwed up and confused by all these politicians that they can even see what they(society) is doing to its own country.

    All you people who vote for more and more reform, free benefits, in the end you will all get what you deserve!! Say hello to a communist country….