Nouriel Roubini has made some hefty predictions in the past, but they have all come true. Many call him “Dr. Doom”, but he is simply giving his vision based upon research and statistics. He is an economist, so he does have data to back up what he has predicted, and right now his biggest concern is what is going on in America with our real estate debacle. It isn’t pretty right now, but according to Roubini it’s going to get worse.
He basically takes the stance that America doesn’t really take it all that serious, and that right now would be a good time to do so. He believes that America looks at the situation and says we can’t change it so why work on making an effort to do anything different? Roubini isn’t a fan of taking a back seat to something so critical, and he is probably right, but what is happening is so overwhelming that I don’t think anyone can wrap their mind around it for now.
Roubini says that despite what is happening in other countries, our circumstances are much worse, and that other countries will just need to worry about themselves without our help. We need a leg to stand on and no one is really paying attention in his opinion. I think many have this opinion because for so long American has taken care of others before we have taken care of ourselves and that can be dangerous even though we have good intentions of helping those in our alliance.
-Mayer Dallal
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment