Expect stagnant U.S. economy in 2013: Roubini - News and Current Events | futures io social day trading
futures io futures trading


Expect stagnant U.S. economy in 2013: Roubini
Updated: Views / Replies:343 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Expect stagnant U.S. economy in 2013: Roubini

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Expect stagnant U.S. economy in 2013: Roubini

Speaking at the Milken Institute’s Global Conference in Beverly Hills, Calif., Roubini noted that real wages for U.S. workers are not growing and that America’s crushing debt is strangling growth. That translates into possible fiscal decay in which GDP will be “lucky” to grow 2% this year and faces the prospect of retreating into near-zero growth next year, according to Roubini.

Both political parties can share blame for the trouble, he added, arguing that the Republican Party wants to limit spending and Democrats don’t want to cut programs, and so are at an impasse. Little is likely to change regardless of this year’s presidential election, as Senate Democrats are likely to use the filibuster even if Republican candidate Mitt Romney unseats President Barack Obama.

“If there is gridlock, it’s going to get worse,” Roubini said.

Change will have to come in several forms, including higher taxes for all — not just the rich — and the nation’s entitlement programs will need to be reformed, he commented.

Roubini, noted for his dire predictions, won extensive praise after correctly predicting the housing-market crash and recession of 2008-09. Host Michael Milken, and Roubini himself, made light of the economist’s well-known pessimism at the conference.

His caustic humor came to light when discussing the ongoing economic crisis in Europe, as well as the Greek debt debacle. “They’ve had a big fat Greek wedding for the last 20 or 30 years,” Roubini said of the troubled nation.

On a more serious note, he pointed out several scenarios that could wreak further global economic havoc, including further conflicts between the United States and Iran, or Israel and Iran. But it may not be limited to just that, as a whole host of issues could make life difficult in the region.

“The entire Middle East is really a mess,” Roubini said. “This Arab spring is going to become an Arab winter.”

Milken said that vast U.S. shale deposits could lessen the nation’s reliance on Mideast oil within several years, but Roubini was skeptical it could be done anytime soon.

Getting motorists to convert to natural gas-burning cars will take years, meaning that becoming energy independent could take up to three decades with no viable national energy policy.

“Where is the leadership?” Roubini asked.


Expect stagnant U.S. economy in 2013: Roubini - MarketWatch

Reply With Quote

Reply



futures io > > > > Expect stagnant U.S. economy in 2013: Roubini

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Forex to be regulated in Russia by 2013 kbit News and Current Events 0 April 23rd, 2012 05:57 PM
Jim Rogers: The economy is being juiced up before the election, watch out for 2013 kbit News and Current Events 0 January 14th, 2012 10:07 AM
Roubini Says ‘Perfect Storm’ May Threaten Global Economy kbit News and Current Events 1 June 13th, 2011 02:45 PM
Capital gains taxes may increase by 2013 (bend over daytrader) kbit News and Current Events 1 May 29th, 2011 05:06 PM
Expect More Financial Crises in Next 10 Years: Roubini Quick Summary News and Current Events 0 September 27th, 2010 03:50 AM


All times are GMT -4. The time now is 12:05 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-10 in 0.06 seconds with 19 queries on phoenix via your IP 54.90.207.75