PHIL TOWN

Nouriel Roubini: 6 Worries That May Hurt Our Economic Recovery

Nouriel Roubini, economics proffessor at NYU, has these 6 things to caution us about in our economic recovery (from a June interview on CNN):

1. Developing markets will suffer as the US raises interest rates, worldwide interest for raw materials fades and China slows.

2. Ukraine-Russia clash turns into a war and includes Europe and the US; Russia cuts off gas supplies to Europe and sends it into a depression.

3. Asian patriotism prompts clash between Asian powers – a true shooting war...

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Deleveraging and Deflation: Something Scary This Way Comes

I recently completed reading Gary Shilling's book, The Age of Deleveraging, and Harry Dent's, The Demographic Cliff. Both writers are regarded as predictors of the real estate and economic meltdown in 2008. Both of them state that we have begun a deflation of our economic activity and banks cannot hide the issue for much longer.

Collapse Due to Baby Boomers Spending Less

Harry Dent builds his prediction with respect to the way that my era, the Baby Boomers, are heading into retirement and were stunned by the financial crisis in 2008 into forcefully saving money, as opposed to consuming.

Gary Shilling lands at the same conclusion for the same reasons and backs his figure up by indicating Japan, an economy that is in its third decade of collapse for comparative reasons, is similar to what we're going to encounter; a maturing populace that is not spending as much…

Click here to read the full blog post at ruleoneinvesting.com