Tuesday, March 13, 2012

Roubini Predicts Greek Exit From Eurozone

Roubini predicts that Greece will eventually have to leave the eurozone and that Portugal's time in the woodshed is coming. He also sees continuing weakness in the US and slowing growth in China as it adjusts to an internal consumption based economy. Roubini calls them as he sees them. He was called Dr. Gloom when he predicted the bursting of the housing bubble and the financial crisis. He is really sticking his neck out on this prediction, but Greece is in turmoil and its hard to see a way out of its problems.

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