Nouriel Roubini & Max Keiser & James Turk: Preparing For A Perfect Storm, ‘Next Stage’ Of The Global Financial Implosion Will Occur By April!! Foreigners Are Pulling Their Gold While Central Banks Are Losing The War To Suppress Gold & Silver Prices.

Monday, January 28, 2013
By Paul Martin
January 27th, 2013

Nouriel Roubini: Preparing for a Perfect Storm

Stagnation in the developed world, uncertainty in China, and political instability in the Middle East could make for a rough 2013….

With growth anemic in most advanced economies, the rally in risky assets that began in the second half of 2012 has not been driven by improved fundamentals, but rather by fresh rounds of unconventional monetary policy. Most major advanced economies’ central banks—the European Central Bank, the US Federal Reserve, the Bank of England, and the Swiss National Bank—have engaged in some form of quantitative easing, and they are now likely to be joined by the Bank of Japan, which is being pushed toward more unconventional policies by Prime Minister Shinzo Abe’s new government.

Moreover, several risks lie ahead. First, America’s mini-deal on taxes has not steered it fully away from the fiscal cliff. Sooner or later, another ugly fight will take place on the debt ceiling, the delayed sequester of spending, and a congressional “continuing spending resolution” (an agreement to allow the government to continue functioning in the absence of an appropriations law). Markets may become spooked by another fiscal cliffhanger. And even the current mini-deal implies a significant amount of drag—about 1.4 percent of GDP—on an economy that has grown at barely 2 percent over the last few quarters….

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