This shouldn't be overly surprising, but Nouriel Roubini is pessimistic about the global economy (bubble/boom for two years, then a big crash):
Lunch Panel: Global Overview
Monday, April 29, 2013 12:00 PM - 1:45 PM
Introduction By: Michael Klowden, CEO, Milken Institute
- Pierre Beaudoin, President and CEO, Bombardier Inc.
- Scott Minerd, Managing Partner and Global Chief Investment Officer, Guggenheim Partners
- Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics; Professor of Economics and International Business, Stern School of Business, New York University
- Geraldine Sundstrom, Partner and Portfolio Manager, Emerging Markets Strategies Master Fund Limited, Brevan Howard
Moderator: Paul Gigot, Editorial Page Editor and Vice President, The Wall Street Journal
As mid-2013 comes into view, the crisis sparked by the international mortgage meltdown is receding into memory, spreading a sense of relief. In the eurozone, the debate is about austerity versus spending, but not dissolution. Meanwhile, living conditions are rising in many parts of the globe as millions join a swelling middle class. The expanding availability of healthcare could have a profound effect as well. Yet some regions continue to struggle. In our annual big-picture look at the world economy, we'll discuss whether China and the U.S. can pull other players along and how the debt bomb can be defused. What are the most potent trends steering capital markets? Which industries are rising, which are fading, and what governments are demonstrating they know how to solve problems? Can the flare-up in the Middle East be contained and give way to democracy and economic growth?