Friday, July 16, 2010

Dr. Doom's Deputy

Here's a recent headline from CNBC from an article on Nouriel Roubini's (Dr. Doom) deputy.

World at Risk of Folding in on Itself: Deputy Doom

A bit apocalyptic sounding. Wouldn't put this at the top of a reading list but it's not tough to guess what someone with the nickname Dr. Doom or Deputy Doom might think. Basically, it's that the world is doing badly and even if things seem to be getting better it's actually still pretty bad and probably gonna get worse.

The global economy is at risk of folding in on itself unless policy makers face up to the threats of inflation inflexibility and exchange-rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.

Few forecasters pay the bills saying something moderate.

Check out the full article.

Adam

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