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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note