Professor known as 'Dr. Doom' also predicts joblessness in US will remain high in 2012
© Jean-Christophe Bott/AP
Economist Nouriel Roubini speaks during a panel session on the first day of the the World Economic Forum meeting in Davos, Switzerland, Wednesday.
Davos, Switzerland - Economist Nouriel Roubini, nicknamed "Dr. Doom" for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade.
Roubini, widely acknowledged to have predicted the crash of 2008, sees tough times ahead for the global economy and is warning that
without major policy changes things can still get much worse.
He also warned that
a conflict with Iran over its controversial nuclear program could lead to a global recession.
Until Europe radically reforms itself and the
U.S. gets serious about its own
debt mountain, Roubini said, the world economy will continue to stumble along to the detriment of large chunks of the world's population who will continue to see their living standards under pressure, even if they have a job.
Meanwhile, International Monetary Fund Managing Director Christine Lagarde - speaking Saturday at the World Economic Forum meeting in Davos, Switzerland - said Europe was making progress to overcome the euro zone crisis, but need to do more to boost its financial firewall to contain the contagion of the debt crisis and restore trust.
Comment: The IAEA clearly knows what the truth is about Iran's Nuclear ambitions. Iran signed the
NNPT and has made it clear, several times that it is NOT seeking a nuclear weapon. The
IAEA has the ability to wander around ANYwhere in Iran. The sad fact is, the media spin is directed to the Western public, to gear them toward more War, Death and senseless Destruction.
Elsewhere: "
If Iran wants to turn to the production of nuclear weapons, it must leave the NPT, expel the IAEA inspectors, and then it would need at least, considering the number of centrifuges and the quantity of uranium Iran has...
It would need at least six months to one year," ElBaradei said.
Comment: The IAEA clearly knows what the truth is about Iran's Nuclear ambitions. Iran signed the NNPT and has made it clear, several times that it is NOT seeking a nuclear weapon. The IAEA has the ability to wander around ANYwhere in Iran. The sad fact is, the media spin is directed to the Western public, to gear them toward more War, Death and senseless Destruction.
Elsewhere: "If Iran wants to turn to the production of nuclear weapons, it must leave the NPT, expel the IAEA inspectors, and then it would need at least, considering the number of centrifuges and the quantity of uranium Iran has...It would need at least six months to one year," ElBaradei said.