From CNBC: It’s become an annual ritual at the Milken
Institute Global Conference: Nouriel Roubini faces off with Michael
Milken. Milken is perpetually bullish on
America, confident that our challenges can be overcome through innovation and
market processes. Roubini, well, he’s
Doctor Doom.
The two met onstage Wednesday morning before a completely
packed ballroom. Late-comers were turned away at the door. It was probably one
of the most popular panels of the conference.
Roubini began with an uncharacteristic optimism, quickly
rattling off a series of “upside risks” to the global economy: a global
economic recovery, an asset price recovery, booming emerging markets,
technological progress and ongoing globalization.
Then it was time for the bad news. The global economy is threatened by the
potential for a war with Iran, troubles in the broader Middle East, the
possibility of a “slow motion trainwreck” in Europe, and a renewed economic
slowdown in Europe. He had a fifth problem, something to do with China, but the
debate with Milken that followed didn’t leave enough time for it....
Learn more at http://www.cnbc.com/id/47269214
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