Nouriel Roubini: Perfect Storm for World Economy in 2013!

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Roubini's Devastating Diagnosis - Freeland File

Nouriel Roubini, the NYU economist nicknamed "Doctor Doom" for his prediction of the 2008 financial crisis, believes that events are again turning against the global economy.

Professor Nouriel Roubini forecasts a "global perfect storm" in 2013 for the world economy, if five events occur:
* Crisis in Europe intensifies, recession ensues
* USA reaches fiscal cliff (tax increases and spending cuts), recession ensues
* Chinese economy slows further, has hard landing
* A slowdown in emerging markets (notably Brazil, Russia, India)
* A military confrontation in Iran

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Jim Rogers, War, Financial Mafia, LIBOR, Central Banks, JPMorgan!

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Jim Rogers, War and the Financial Mafia - LIBOR, Central Banks and JP Morgan!

Welcome to Capital Account. US manufacturing activity contracts for the first time in 3 years...the weak ISM data came as a shock to economists reportedly. Then orders placed with U.S. factories rose in May for the first time in three months, according to other data. We'll talk about where figures show global confidence, crises, and slowdowns are headed with famed investor Jim Rogers.

Also...Blackrock's Vice Chairman Byron Wien says he spoke to the smartest man in Europe, and what he had to say terrified him. He said, "basically, that massive amounts of debt will bring the decline of Western Civilization, but that in the meantime, before that happens, policy makers would pull every trick they could in order to stave off a catastrophic event."

Why do you have to be the un-named smartest man as christened by a Blackstone bigwig for that to hold weight? Just watch a lot of smart men and women who break this down openly any given day on Capital Account. Today, commodities guru Jim Rogers will do the honors.

And it's one, two, three strikes you're out - Barclays top three executives resign in the wake of the LIBOR manipulation scandal. Chairman. CEO. COO. Why haven't we seen this kind of fallout at big banks in the US from any settlements and scandals? We'll muse over it as what do you know - JP Morgan finds itself under investigation for manipulation of electricity markets.

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