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Is the World Economy Heading Into a 'Perfect Storm'?

Heisenberg 2012/07/09 21:00:00
Yes, the world economy is on the verge of collapse.
No, the world economy is not on the verge of collapse.
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“(The) 2013 perfect storm scenario I wrote on months ago is unfolding,” Roubini said on Twitter on Monday.

CNBC.COM reports:
"Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
world economy  dr doom

Read More: http://www.cnbc.com/id/48116835

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Top Opinion

  • George Romney 2012/07/09 23:57:16
    No, the world economy is not on the verge of collapse.
    George Romney
    +22
    The funny thing about economics is that it's all made up. Think about it. Society progressed from cave men, to stone masons to urban dwellers that could make rockets to put men on the moon. All because we said a shiny rock and then a piece of paper had value. It's a funny thing economics. Funnier still is that what will send the world off a cliff and help nobody will be stock markets and treasury bonds crashing, both of which signify nothing material but are purely speculative.

    Imagine an alien civilization looking at us from above. Seeing that we are ruining ourselves by placing blind trust in a system that is entirely smoke and mirrors designed to hand out incentives.

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Opinions

  • David carri b... 2012/07/10 00:53:49 (edited)
    David
    +1
    Carri I am not unfamiliar with Revelations and end time prophesies, but I don't see the current economic situation as part of a world wide conspriacy of some elite group to bring about world control!

    It is always a challenge to match prophesies with current world events with any certainty and must be done with humility and extreme caution!

    I am not prepared to say that you are wrong, but more likely than not I beleive that to be the case.

    However, like you I believe that the prophesies of Revelations will be fulfilled, but how and when I do not know!

    Last year Harold Camping got it wrong like so many before him.

    The best preparation is to be right with Christ rather than to be over concerned with detail!
  • carri b... David 2012/07/10 20:29:45
    carri byers
    Christ told his disciples to watch for the signs of the times, to look for the turning of the leaves before His coming to be prepared for it. To ignore the signs is to show a lack of faith in Christ's coming and to bury your head in the sand.

    Luke 21:29-32 - And he spake to them a parable; Behold the fig tree, and all the trees;

    30 When they now shoot forth, ye see and know of your own selves that summer is now nigh at hand.

    31 So likewise ye, when ye see these things come to pass, know ye that the kingdom of God is nigh at hand.

    32 Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.

    Ephesians 6:12: For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

    Conspiracies, secret combinations, cabals all fit with this scripture.
  • David carri b... 2012/07/11 16:13:00
    David
    "Conspiracies, secret combinations, cabals all fit with scripture"

    Nor are they new, they existed before Christ and at almost any stage of history since then.

    So lets take this step by step.

    Step 1 Please show me evidence for the following and identify who exactly "they" are:-

    "They already have an electronic system in the wings to implement once the collapse is complete."
  • bob 2012/07/09 21:55:42
    No, the world economy is not on the verge of collapse.
    bob
    +1
    duck and cover
  • TheBadOne 2012/07/09 21:46:28
    Yes, the world economy is on the verge of collapse.
    TheBadOne
    +1
    I think too many businesses focus on short-term gains moreso than they do long-term development. Now that thinking has bitten them in the butt.
  • Wortmore 2012/07/09 21:39:47
    Yes, the world economy is on the verge of collapse.
    Wortmore
    +3
    A world-wide revolution is possable, this may get worse than the 1930s depression
  • Blank Blank Blank 2012/07/09 21:25:07
  • Heisenberg Blank B... 2012/07/09 22:23:44
    Heisenberg
    +2
    Not all rich got richer.

    The rich with political connections sure did.

    obama top donors
  • Blank B... Heisenberg 2012/07/09 22:27:12
  • Heisenberg Blank B... 2012/07/09 22:55:29
    Heisenberg
    +1
    Why do you think Obama and Corzine are so cozy?

    obama corzine
  • zbacku 2012/07/09 21:24:45
    Yes, the world economy is on the verge of collapse.
    zbacku
    +1
    The world will be in chaos.
  • ~HopelessRomanticM17~ 2012/07/09 21:23:23
    Yes, the world economy is on the verge of collapse.
    ~HopelessRomanticM17~
    +1
    We are doomed.
  • thє вluє wαndєrєr 2012/07/09 21:21:00 (edited)
  • gocar thє вlu... 2012/07/09 22:15:10
    gocar
    +1
    It is global corruption and greed. Money being the root of all evil. But the planet will survive for our lifetimes a tleast.
  • klausd11 gocar 2012/07/10 06:43:08
    klausd11
    BAD money is the root of all evil....
  • thє вlu... klausd11 2012/07/10 14:35:11
  • Joe Shwingding BN-ZERO 2012/07/09 21:04:06
    Yes, the world economy is on the verge of collapse.
    Joe Shwingding BN-ZERO
    +2
    and nobody in charge is willing to take a loss so we will continue with the status quo
  • Mike 2012/07/09 20:12:13
    Yes, the world economy is on the verge of collapse.
    Mike
    +1
    Its already there except for the new leaders of the NWO
  • Tuna 2012/07/09 20:03:05
    No, the world economy is not on the verge of collapse.
    Tuna
    +1
    It's all about the socialist Euro; they want us to go along with redistributing American's tax dollars to our poor friends in the Euro when the Euro was created to COMPETE with the USA; take business away from us. Let them fail, the world economy will do just fine. socialist Euro
  • me being me 2012/07/09 19:54:56
    Yes, the world economy is on the verge of collapse.
    me being me
    +4
    It seems that way, but with chaos comes balance.
  • rand 2012/07/09 19:31:20
    No, the world economy is not on the verge of collapse.
    rand
    +2
    There are clear downsides in the future of the world economy but the advantages of keeping it will outweigh any advantages of dumping it.
  • Dave0626 2012/07/09 18:50:54
    Yes, the world economy is on the verge of collapse.
    Dave0626
    +4
    If we are not already in the 'perfect storm'....We sure will be, if the path the world is on continues into 2013.
  • Maria 2012/07/09 18:48:39
    Yes, the world economy is on the verge of collapse.
    Maria
    +2
    already in storm...we have to pay attention to our budget...don't get burn and crash..
  • Always Right 2012/07/09 18:44:16
    Yes, the world economy is on the verge of collapse.
    Always Right
    +6
    When America's economy fails, the world economies will follow.
  • Barefoot Peace and Love∞ijm... 2012/07/09 18:31:45
    Yes, the world economy is on the verge of collapse.
    Barefoot Peace and Love∞ijm♥☮♥∞
    +6
    I'm really undecided Art....... ???
    I sure hope not.... that's for sure....
    Praying for OUR America everyday.....
    God Bless OUR America..... and our Earth....
    Peace and Love, Barefoot♥
    God Bless OUR world
  • thє вlu... Barefoo... 2012/07/09 21:26:11
  • Heisenberg thє вlu... 2012/07/09 22:24:30
    Heisenberg
    +1
    She did not recommend we believe in 'global warming'.

    She puts her faith in something real. The God of Abraham and Moses.
  • John Boy Heisenberg 2012/07/09 23:22:55
    John Boy
    There is the problem right there ! All these people that believe god is a fairytell. Why should he do anything for you people, that dont believe in him ? In fact, god is letting America and the world destroy itself.
  • Heisenberg John Boy 2012/07/09 23:55:33
    Heisenberg
    +3
    I don't mind him believing as he chooses, my Christianity supports his free will.

    What I find interesting is the compulsion to try and destroy the faith of others.
  • John Boy Heisenberg 2012/07/10 00:42:52
    John Boy
    +1
    Well said !
  • Barefoo... Heisenberg 2012/07/10 11:14:53
    Barefoot Peace and Love∞ijm♥☮♥∞
    thanks again Art......very well said!!
  • Barefoo... Heisenberg 2012/07/10 11:14:23
    Barefoot Peace and Love∞ijm♥☮♥∞
    thank you so much Art....;)
  • Barefoo... thє вlu... 2012/07/10 11:14:08
    Barefoot Peace and Love∞ijm♥☮♥∞
    I agree.....
  • Aurora 2012/07/09 18:31:09
    Yes, the world economy is on the verge of collapse.
    Aurora
    +8
    I think it has already collapsed, not much money to go around anymore, and definitely no tools (jobs) to make any.
  • Jack's Pearl 2012/07/09 18:28:09
    Yes, the world economy is on the verge of collapse.
    Jack's Pearl
    +7
    I thought we already were in a storm?? :)
  • Dwight-AFCL>dogsbody 2012/07/09 18:25:00
    Yes, the world economy is on the verge of collapse.
    Dwight-AFCL>dogsbody
    +4
    Sure looks that way from here. just have to wait & see, but not for long I think.
  • mk, Smartass Oracle 2012/07/09 18:22:24
    Yes, the world economy is on the verge of collapse.
    mk, Smartass Oracle
    +6
    We're all screwed




    economic collapse
  • Barefoo... mk, Sma... 2012/07/09 18:32:51
    Barefoot Peace and Love∞ijm♥☮♥∞
    +5
    ain't we though?
  • mk, Sma... Barefoo... 2012/07/09 18:45:41
    mk, Smartass Oracle
    +4
    Yeah we're cooked
  • Barefoo... mk, Sma... 2012/07/10 11:15:30

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