Friday, August 8, 2008

The Most Bearish Man in America Nouriel Roubini is an economics professor at New York University He predicted the housing collapse two years ago. He thinks hundreds more banks will fail. Yet he’s still a bull on emerging markets... Looking at the global economy, though, leads to a different conclusion for a simple reason: The dynamics that underpin the emerging markets boom aren’t flim-flam; they are real. The addition of 3 billion new capitalists into the mix -- China, India and ROW (analyst shorthand for “rest of the world”) -- is a game changer like nothing we’ve ever seen before

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