Professor Gloom And Doom Is Back

Professor Nouriel Roubini is predicting more financial trouble for world economies. The man whose nickname is Dr. Doom is forecasting that economies around the world will suffer more financial crises like the most recent one over the next decade.

Roubini stated that "nothing has changed fundamentally. When the regulatory reform was passed by the U.S. Congress, my view is too little, too late. We are already in a situation which is going to feel like a recession, (even) if we are not in one."

Roubini believes that asset and credit bubbles are inflating all over the world. The troubling part of Roubini's forecasts is that he believes emerging economies are now facing the most trouble.