Sunday, 24 July 2016
Last updated 1 day ago
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.