Roubini Says “Perfect Storm” May Clobber Global Economy

ok now for some REAL predictions.

1) The sun will come up tomorrow.
2) Gasoline will be $5 per gallon within 2 years.
3) My daughters wedding will cost me a fortune.

It's all quite simple.
1) Clinton balances budget and leaves govt w/ projected surplus of $10 trillion!
2) Reps take over Whitehouse and Congress for six full years.
3) Reps cut taxes of the wealthy without cutting spending.
4) Reps run two unnecessary wars OFF-THE-BOOKS.
5) Republican bankers and hedge fund mgrs. clamor for more subprime mortages to slice and dice into tranches.
6) Economy collapses.
7) America elects first black Democratic President.
8) Republican minority obstruct every effort of Dems to fix problems.
9) Republicans blame blacks, Democrats and illegal aliens for economic collapse.
10) The rich sleep well knowing the Reps will mindlessly continue to do their bidding for them as America crumbles.

The folks commenting are obviously more intelligent than the Professor and profoundly more intelligent than Henry Bloget the writer of this article.

This Goverment has known what was going on for a long time. They let all the crooks
walk. The reason being the crooks will pay so our officals can walk.

The leaders who got us in this economic mess are rearranging the chairs for us. The leaders are already in the lifeboats

The US economy will never ever, ever, ever, ever recover until it returns manufacturing to its shores. Manufacturing in China aint making it, no matter how cheap the price and crummy the goods.

So everything could crap out, nothing could happen or we could see accelerated growth. Sounds like all the bases are covered. That is pure genius!

Hey the lotto numbers tonight will be between 1 and 59. The Yankees could win or lose their next game. I may or may not read another useless yahoo article.

Greed will take until there is no more, then it all will be worthless!

Question: Do our congressmen and senators REALLY understand basic economics?

This is not news to intelligent people. You can sit back and watch the collapse happening. It's being done deliberately. People are just too blind to see it.

Ever feel like YOUR can is getting kicked down the road? All those in power have to do is say BOO and everybody jumps. No hair-cuts for the bond holders, just the working tax mules out here.

30% unemployment today. 50% unemployment around the corner. No nations economy can recover if that many people are unable to buy anything. Our politicians are only concerned with preserving the wealth of the rich and themselves.

as I have said before, a global economy is only as strong as the weakest nation in that economy. NAFTA is a perfect example of what I'm talking about. Mexico was the weakest of the three North American countries, and instead of raising Mexicos economy to the same level as that of the US and Canada, the US and Canadian economies are falling to meet Mexicos lower levels. We need to brihg manufactaring back to the USA. This country used to be a world leader because of our manufactaring, but because of greed and stupidity in our government and coroprate CEO's we are close to becoming a great big NOTHING of a country.

These so called "EXPERTS" must think that the "AMERICAN CITIZENS" don't know all of this already....They the "EXPERTS" need to get "OUT IN THE REAL WORLD" like us because we have known for along time how bad things really are.....

it's time to call in the dogs and bolt the doors. this country is past the point where it will have to decide to take care of it's own or give handouts to the rest of the world. we can no longer afford to hand billions of dollars to any country that says it is our friend and we can no longer afford to pay billions of dollars to fight those that are not our friends.

we need to cancel ALL foreign aid and nation building. we need to cancel all of our so called wars. if someone really wants to start something with us i figure 1 nuke will settle the issue instead of 10 to 20 years of war, pacification and rebuilding. we need to scale back our military spending. there is no need to spend more on our military than the rest of the world combined.

we take the money we spent on the wars and military and foreign aid use it to rebuild our own country and pay off our debt. we could have full employment and zero debt before you know it. then maybe we could lead the world by example instead of fear.

The problem seems to be that no one in the entire world believes "That there is no such thing as a free meal!" When will the world and the USA governments wake up and realize that you cannot spend money that is not backed by something of value. And that the value of something is what some one else can and is willing to pay for it

Remember folks, the same people in charge of finding the solution to our economic crisis are the same ones that caused it ,the same ones that said houses never lose their value and the same ones that invented derivatives.They are the ones that are giving bailout money to European banks .

How Roubini sees it:
50% chance of stable global growth.
50% chance of global stagnation.
50% chance of a global slowdown.
He's trying to be the clock that is both running and stopped at the same time. And of course he'll be correct because he hasn't committed to anything. He'd make an excellent politician.

Look, it does not require China and emerging countries to slow down as a precondition to U.S. collapse. Our DEBT alone will do that.

Not 2013, the end of 2011 or early 2012.