Roubini Predicts U.S. And Israel To Embark On Military Conflict With Iran Within Year

May 9 2012 | 12:39pm ET

Last night was all smiles and champagne as participants of the SALT Conference gathered in Las Vegas to kick off the must-attend hedge fund event of the year. The mood however, was decidedly different this morning as the first panel got underway to discuss the future of the global economy.

Everyone’s favorite predictor of doom and gloom—renowned economist Nouriel Roubini—was in top form. He described Europe as “a slow motion train wreck,” said the U.S. was in “fiscal drag” and that “emerging markets were slowing down.” And if that wasn’t bad enough, he predicted that, within a year, the United States and Israel would embark on a military conflict against Iran. These factors, he said, will “lead to a perfect storm” for the global economy. Well, we all know what happened to the Andrea Gail.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...