Nouriel Roubini: ‘Highly-Likely Chance We’re Going To Go Over The Cliff’

Last time I mentioned Dr. Nouriel Roubini, a former Treasury official in the Clinton administration who correctly-called the 2008 global financial crisis, he was warning about a slowing U.S. economy. Well, the professor of economics at New York University and chairman of Roubini Global Economics appeared on Bloomberg Television’s Surveillance earlier today and discussed the looming “fiscal cliff,” the combination of tax hikes and spending cuts the U.S. faces on January 1 under current federal law. “Dr. Doom,” as the media sometimes refers to him as, warned viewers:

I think there’s a highly-likely chance we’re going to go over the cliff. If we do so, the market reaction is going to force the two sides to reach an agreement. But even if we reach an agreement, like I said- you’re going to have 1 to 2 percent drag on growth in an economy that’s barely growing.


“Roubini Says Fed Inflation Targeting Out the Window”
Bloomberg TV Video

Tags: , , ,

Friday, December 14th, 2012 Crash Prophets, Fiscal Policy, Government, Spending, Taxes

No comments yet.

Leave a comment



Survival And Prosperity
Christopher E. Hill, Editor
Est. 2010, Chicagoland, USA

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street" (Memorial Day 2007-2010)

Please Rate this Blog HERE

Limited Time Offers

Via Banner Ads Below (navigate to vendor home page if necessary); Updated 7/18/15:
ANY CHARACTER HERE
>BUDK Free Shipping (no min. purchase; code required)
ANY CHARACTER HERE
>Airsoft Megastore Free Shipping On All Orders (no code required); 30% Off Pouches/MOLLE Accessories
ANY CHARACTER HERE
>BulletSafe Bulletproof Baseball Cap $119 Pre-Order Price; Bulletproof Backpack Panel $99
ANY CHARACTER HERE
>CHIEF Supply Free Socks With Duty Boots Thru 7/20; CornerStone Polos Buy 2 Get 1 Free Thru 7/31 (no code required)
ANY CHARACTER HERE
>Food Insurance 25% Off All Campfire Meal Pouch Bundles; Free Bug-Out Bag With Select Long-Term Meal Plans
ANY CHARACTER HERE
>Nitro-Pak Clearance Sale Up To 70% Off
ANY CHARACTER HERE
>Tractor Supply Co. 10% Off Select Cooling; 10% Off Select Grills; 20% Off Select Pet Carriers; Up To $200 Off Select Safes; Up To $50 Off Select Canopies
ANY CHARACTER HERE
NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Free UPS ship to store on all Tractor Supply Company orders! Shop now! Tractor Supply Co. Review Coming Soon
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Food Insurance Reviewed HERE
CHIEF Supply Reviewed HERE
ANY CHARACTER HERE
BulletSafe Reviewed HERE
ANY CHARACTER HERE
M48 Tactical Tomahawk BUDK Reviewed HERE
ANY CHARACTER HERE
PyramydAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
 

Categories

Archives

Prepper Website