Video: They don’t call Nouriel Roubini Dr. Doom for nothing: he says stocks could slide another 20% and suggests a possible double dip for some parts of the global economy (like the Eurozone and Japan)May 20th, 2010 | 3:24 PM | by L. Winthorpe III |
That could cause a slow down in the U.S….
And there’s also regulatory risk….
He sees a continued fall in the Euro, and commodities could slide as well….
So where would he put money at this point? “Apart from cash I would invest in short-term government bonds of countries that don’t have a serious debt problem, countries like Germany and maybe Canada, a few other advanced economies that from a fiscal point of view are sounder than the weaker economies.”
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