Is Nouriel Roubini the Nostradamus of our economically challenged time ?
Is he the Nostradamus of our economically challenged time ? Back in 2006, in a blog post Nouriel Roubini was already prophetic about Italy's debt crisis and the Eurozone doom prospects. The very same year Roubini’s speech at Davos-World Economic Forum was warning that Italy may experience Debt Crisis and EuroZone Break-Up in 5 years. He recently reposted the blog post he wrote in 2006 , after speaking at Davos , and apparently offended the already-then Italian Finance Minister Tremonti, by calling for Eurozone doom. Here is an ominous extract of what the US economist contended at the time: " And unfortunately, the lack of serious economic reforms in Italy implies that there is a growing risk that Italy may end up like Argentina. This is not a foregone conclusion but, if Italy does not reform, an exit from EMU within 5 years is not totally unlikely. " Read more on the topic: http://shar.es/bLLs5 http://www.businessinsider.com/roubin...