Roubini an economists NYSU said in an interview to Reuters 2013 will halt economy and growth due to various reasons, if that be so what you think can cure?

 Sir, 

I liked your question and have forwarded to an Investment Instruments Expert and awaiting his opinion on the same..

Meawhile, what do other Experts on Board have to say about it??

Regards 

Admin

 WHEN U SAY HE IS AN INVESTMENT INSTRUMENT EXPERT IS HE A BUSINESS ECONOMIST OF APPRECIATING ECONOMIC PEAKS AND TROUGHS, BASED ON TIME AND OTHER MULTIFARIOUS FACTORS WHICH ECONOMISTS THEMSELVED GOOF UP! 

 SIR, AS AN ECONOMIST MYSELF FROM DELHI SCHOOL OF ECONOMICS AND WITH  PH.D., I ALSO AGREE WITH ROUBINI OF 'NSU', JUST BECAUSE IN FACT EVERYTHING IS NOT BEING EQUAL IN ECONOMY!

BASIC LAW OF ECONOMICS IS 'EVERYTHING BEING IS EQUAL' AS A FUNDAMENTAL PRINCIPLE AS ECONOMICS IS MORE AN ART THAN A SCIENCE THOUGH ONE CALL ECONOMICS AS A 'SCIENCE', SCIENCE WORKS ON A SYSTEM APPROACH WHY ECONOMICS WORK ON DIVERGENT VARIATS OF FACTORS WHICH GO ON CHANGING EVERY NOW AND THEN THANKS TO VERY HIGHLY LEARNED MAN HIMSELF! 

Well Sir,

i want to say somthing on it as far as my knowledge concern,

Economist Nouriel Roubini is standing by his prediction for a global "perfect storm" next year as economies the world over slow down or shudder to a complete halt, geopolitical risk grows and the eurozone's debt crisis accelerates.

 

Roubini, the New York University professor dubbed "Dr Doom" for predicting the 2008 financial crisis, highlighted five factors that could derail the global economy.

 

Those main 5 factors are as follows,

1. a worsening of the debt crisis in Europe.

 

2. tax increases and spending cuts in United Sates that may push the world's biggest economy into recession

 

3. a hard landing for China's economy

 

4. further slowing in emerging markets

 

5. a military confrontation with Iran.

"Next year is the time when the can becomes too big to kick it down (the road)... then we have a global perfect storm," Roubini said.

So, below listing these possible "unconventional" policies should be considered :

 

1. targeting the 10-year Treasury at 1 percent,
 

2. doing credit easing rather than quantitative easing,
 

3. targeting nominal GDP,
 

4. price-level targeting
 

5. Eventually if everything goes wrong, they can even buy equities.


 

6. Some other possible prevention/cure/measurements can be,

         - Print money to buy 10 year treasuries
         - .Print money to lend to people directly 
         - Print money to give companies business to grow GDP
         -Print money to buy things to maintain prices
         - Print money to buy equities

 

Thanks & Regards,

Dhaval.