We are concerned about the potential for a “perfect storm” in 2013: a disorderly situation in the eurozone (EZ), with a Greek exit and significant contagion to other fragile periphery members; U.S. growth that slows to stall speed as a sharp fiscal cliff looms; tensions in the Middle East between the U.S./Israel and Iran that reach a boil and trigger a spike in oil prices; a landing in China that moves from soft to hard; and a massive slowdown in other emerging markets (EMs). - in RGE
Related: SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets ETF (EEM);
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
