Nouriel Roubini: "In 2013, beware the perfect storm"

from todayonline.......

"A "perfect storm" of fiscal woe in the United States, a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

There's a one-in-three chance the factors will combine to stint growth from 2013, Prof Roubini, who predicted the global financial crisis, said in an interview in Singapore. Other possible outcomes are "anaemic but okay" global growth or an "optimistic" scenario in which the expansion improves.

"There are already elements of fragility," he said. "Everybody's kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest".................LINK