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Posts Tagged ‘Dr. Doom’

Why Nouriel Roubini, aka Dr. Doom Is Bullish On The Stock Market

May 2nd, 2013

Roubini: Economist Nouriel Roubini, also known as Dr. Doom, is finally on board with the stock market upswing; in fact, he believes the stock market can go even higher over the next two years. Read more…

NYSE:DIA, NYSE:SPY

Marc Faber Warns of Profit Taking In Gold, Other Commodities (GLD, USO, DBC)

October 5th, 2012

Jared Cummans: Dr. Doom makes another warning for investors to follow or ignore, as Mr. Marc Faber warns of profit taking in some of the most popular assets on the market. It has been no secret that Faber feels that arecession is coming and he is now suggesting Read more…

NYSE:DBC, NYSE:GLD, NYSE:USO

Marc Faber: Mitt Romney’s Fed Chairmen Will Print Trillions (GLD, IAU, SLV, AGQ)

September 28th, 2012

Jared Cummans: By now everyone is familiar with Ben Bernanke and his money printing strategies for solving an economy in crisis. His ideals concerning increasing the money supply stem from his research on the Great Depression where he feels that a low money Read more…

NYSE:AGQ, NYSE:GLD, NYSE:IAU, NYSE:SLV

Nouriel Roubini, aka Dr. Doom Bets On QE3 (GLD)

September 11th, 2012

Jared Cummans: Last week Nouriel Roubini, known as Dr. Doom for his gloomy outlook on the global economy, made a comment concerning the rumored third round of quantitative easing. Roubini commented that if Friday’s job numbers were positive, Read more…

NYSE:GLD

Marc Faber: Why Industrial Commodities Will Continue To Fail (DBB, JJC, RIO)

September 9th, 2012

Jared Cummans: Marc Faber, who shares the moniker “Dr. Doom” with Nouriel Roubini, has made a name for himself not only from his intelligence, but also from his outspoken Read more…

NYSE:DBB, NYSE:JJC

Checking In On Marc Faber’s 100% Certainty of Another Recession (INDEXSP:.INX, SPY)

August 19th, 2012

Jared Cummans: Back in May of this year, Marc Faber, a famous “doom and gloom” name in the financial world stated that his certainty of another U.S. recession is 100%. Read more…

NYSE:SPY

Nouriel Roubini: Three ETFs For Dr. Doom’s “Perfect Storm” (GLTR, OFF, PBJ)

August 7th, 2012

Stoyan Bojinov: Dr. Doom has diagnosed the global economy once again, except this time the symptoms are pointing to something far worse than many pessimists could have expected. Nouriel Roubini, perhaps best known for predicting the 2008 financial meltdown, Read more…

NYSE:GLTR, NYSE:OFF, NYSE:PBJ

Nouriel Roubini Warns Low Commodity Prices Signal Economic Disease (UNG, WEAT, CORN, DBA, DBC)

August 3rd, 2012

Jared Cummans: Nouriel Roubini aka “Dr. Doom” has been in the headlines a fair amount as of late, as he has predicted a perfect storm that will culminate sometime in the next year. Roubini figured that sluggish U.S. growth, Europe debts, emerging market slowdowns Read more…

NYSE:CORN, NYSE:DBA, NYSE:DBC, NYSE:UNG

4 Commodities To Get Your Hands On Before Nouriel Roubini’s “Perfect Storm” (SLV, GLD, PM)

July 15th, 2012

Jared Cummans: Nouriel Roubini, known as “Dr. Doom” for his outlandish predictions on the economy, has a choppy forecast for the coming year. Back in May, Roubini predicted Read more…

NYSE:GLD, NYSE:SLV

Nouriel Roubini: “Global Perfect Storm” Leads To Event Worse Than 2008 (GLD, SLV, TVIX, TZA, INDEXSP:.INX)

July 10th, 2012

Dominique de Kevelioc de Bailleul: What Zerohedge stated is a “must watch 9 minutes of reality,” Dr. Doom Nouriel Roubini, Monday, broke the bad news about the global economy to Bloomberg News.   That day, the day that everyone has been hoping to avoid Read more…

NYSE:GLD, NYSE:SLV, NYSE:TVIX, NYSE:TZA

Baltic Dry Index: Why Is Global Shipping Slowing Down So Dramatically? (SEA, TZA, SPXU, SPY, EWG, VGK)

February 8th, 2012

Michael Snyder: If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically?  Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators.  In other words, they change before the overall Read more…

NYSE:EWG, NYSE:SEA, NYSE:SPXU, NYSE:TZA, NYSE:VGK

Investing: China Fears Much Ado About Nothing (FXI, GXC, YAO, EWH, HAO)

September 15th, 2011

Frank Holmes: Markets in Hong Kong, Vietnam, Taiwan and Korea were closed  last week as people across Asia celebrated Moon Festival, one  of the culture’s most beloved holidays along with Chinese New Year. Moon  Festival’s origins center around a husband (Houyi) and wife (Chang’e), who were  sentenced to live Read more…

NYSE:EWH, NYSE:FXI, NYSE:GXC, NYSE:HAO, NYSE:YAO

Invest Like Peter Schiff With These ETFs (SGOl, TBT, EWL, CNDA, EWC, KROO, EWA, EMT, CEW, GLD, IAU)

August 26th, 2010

With the housing market cratering, consumer confidence sagging, and catalysts for real economic growth nowhere to be found, many investors have quietly become pessimistic over the outlook for Read more…

NYSE:CEW, NYSE:CNDA, NYSE:EMT, NYSE:EWA, NYSE:EWC, NYSE:EWL, NYSE:GLD, NYSE:IAU, NYSE:KROO, NYSE:SGOL, NYSE:TBT

Nouriel Roubini (aka Dr. Doom) Calls For A 20 Percent Correction From Today’s Levels

May 23rd, 2010

Investors are tempted back into the market after a nearly 4% sell-off on Thursday, the biggest one-day drop since April 2009, leaving stocks at more reasonable valuations. Meanwhile, Germany’s Read more…

ETF BASIC NEWS

DOW 5000K IN THE NEWSPAPER NEAR YOU!

March 24th, 2009

dow-5000

If you believe Dr. Doom like I do, we could be looking at DOW 5000 and S&P 500 before year’s end.  While some of you think the bottom is in, you could be in for a rude awakening.  This past weeks rally has been nothing but a classic bear market rally.  The bears are just gearing up for the last raid before the bottom is here.  Make money on the next leg down with ETF-DOG.  The investment seeks daily investment results, before fees and expenses, which correspond to the inverse of the daily performance of the Dow Jones Industrial Average index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is non-diversified.


US Recession Could Last Up to 36 Months: Roubini

The man who predicted the current financial crisis said the US recession could drag on for years without drastic action.

Among his solutions: fix the housing market by breaking “every mortgage contract.”

“We are in the 15th month of a recession,” said Nouriel Roubini, a professor at New York University’s Stern School of Business, told CNBC in a live interview. “Growth is going to be close to zero and unemployment rate well above 10 percent into next year.”

Echoing a speech he made earlier in the day, Roubini said he sees “no hope for the recession ending in 2009 and will more than likely last into 2010.”

Roubini, who is also known as “Dr. Doom,” told CNBC that the risk of a total meltdown has been reversed for now but that the economy is going through “a death by a thousand cuts.” He also said that “most of the U.S. financial institutions are entirely insolvent.”

“The market friendly view for the banks is nationalization,” said Roubini. “Temporarily take over the banks, clean them up and get them working again.”

As for the claim that the Treasury Department can’t legally take over the banks, Roubini said that most of the banks are already owned by the government and that the government could “put them in receivership” if it had to.

Earlier in the day, Roubini spoke to the CBOE Risk Management Conference and said he believes total losses could peak at $3.6 trillion in the financial system, with half of that being borne by banks and bank dealers and the other half borne by hedge funds and pension funds, among others.

He said that while U.S. GDP next year could be zero, global GDP could dip into negative territory.

“We could end up … with a 36-month recession, that could be “L-shaped stagnation, or near depression,” Roubini said. He puts the chance of a severe U-shaped recession at 66.7 percent, and a more severe L-shaped recession at 33.3 percent.

Roubini listed a litany of negative omens: Capex spending down 20-30 percent for investment grade companies, self-perpetuating deflation, all making a bad situation worse.

“If you expect prices to be lower tomorrow, why would you buy today?”, asked Roubini. He says it’s easier to break out of am inflationary cycle than a deflationary one, and while a year of deflation “is okay,” longer would be “a disaster.”

So what can the government do? The easy part is lowering interest rates and buying toxic assets. The hard part, he says, will be tackling housing. Roubini says that the housing market, like a company restructuring in bankruptcy, needs to have “face value reduction of the debt.” Rather than go through mortgages one by one, he says reduction has to be “across the board…break every mortgage contract.”

Roubini also took issue with the $800 billion stimulus package, saying it’s not enough. For one thing, there’s only $200 billion upfront, and half of that is a tax cut, which Roubini calls “a waste of money” that is not going to make a difference.

Finally, while he says there will be “a light at the end of the tunnel”, it’ll probably get worse before it gets better. Those who believe in a second half recovery this year “are delusional” he says.

In fact, based on Roubini’s calculations, we could conceivably see the S&P 500 at 500, the Dow at 5000.

SOURCE: Jane Wells CNBC Reporter www.cnbc.com

NYSE:DOG




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