Nouriel Roubini — American Pie in the Sky

Roubini projects the US economy hitting stall speed in the near term. But..

A significant equity-price correction could, in fact, be the force that in 2013 tips the US economy into outright contraction. And if the US (still the world’s largest economy) starts to sneeze again, the rest of the world – its immunity already weakened by Europe’s malaise and emerging countries’ slowdown – will catch pneumonia.

Read it at Project Syndicate
American Pie in the Sky
Nouriel Roubini | Professor, NYU Stern School of Business and Chairman of Roubini Global Economics