“Dr.Doom” is convinced that the euro zone will fail

It’s no coincidence that famous economics Nouriel Roubini is called "Dr. Doom" given his bold predictions for the future of economy. Moreover, almost every single economic forecast which he has made has proved to be accurate afterwards, so when Roubini predicts, his surroundings tend to listen. Even given aside the fact that Dr.Doom was prepared for and bet on QE3, he has predicted a "perfect storm" for the economy in 2013. Moreover, he was right about the debt crisis in Europe, the U.S. growth, the Chinese slowdown, and the military conflict in Iran, which all combined would lead, according to Roubini, lead to recession.

As far as Roubini is concerned, the national bloc is about to fail. He himself is of the opinion that quantitative easing is delaying the inevitable and that the massive debt crisis will soon affect the euro zone. Even though there have been multiple packaged which help countries like Spain, Greece and Italy, the euro crisis seems impossible to solve.

Roubini still thinks that the economics and markets, which are propped up by purchasing assets, will supper a contraction somewhere in the future. Given the fact that the investment guru Nouriel Roubini has been accurate for so many past predictions, the investors should be wary of the European nations which have earned failing grades.