Nouriel Roubini, the NYU economist nicknamed “Dr. Doom” for his gloomy predictions, has a dire forecast when it comes to his future with Roubini Global Economics, the research firm he founded in 2004, the NY Post writes.
Roubini, who rose to fame on the heels of his accurate predictions about the housing bubble and the financial crisis, is seeking to sell RGE amid estimates of up to $2 million in losses for this year, according to a report.
In a pitch to potential bidders, the firm’s bankers are warning that RGE will post losses of roughly $2 million this year on revenue of $14 million, according CNBC.
Next year, however, RGE is on track to grow revenues by 8 percent, followed by as much as 40 percent growth in 2013, investment bankers pitching the deal reportedly told prospective buyers….
Read more at http://www.nypost.com/p/news/business/doom_going_kaboom_2GN6ian1XqJtImILkrYClJ
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