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‘Dr. Doom’ says commodity weakness signals global economic weakness

Posted on 30 April 2013

Nouriel Roubini is a household name in the financial world as his nickname, “Dr. Doom,” has been rightfully earned, given his propensity for bearish sentiment. Roubini is also not afraid to speak his mind as he has been issuing warnings about the global economy for the past few years. Now, the Dr. has commented on the commodity industry, as he believes its struggles reveal a bigger trend that could see the global economy slip.
“What has happened for the last few weeks is that most of the macro economic news has been actually quite negative and surprising on the downside,” said Dr. Doom in a recent interview. He went on to name a number of factors such as a weakening eurozone, slowing growth in China, and a weak outlook for the US given the sequester and tax hikes that went into place this year………………………………………..Full Article: Source


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