” “Be sure your seatbelt is fastened, because nothing has really come to rest. We have entered the New Abnormal, a period in which every market assumption must be questioned and the wise investor is prepared to be surprised.”
And that’s how famed economist Nouriel Roubini and Ian Bremmer, the president of Eurasia Group, launch into an eight-screenInstitutional Investor assault on all that’s going wrong with the global economy right now and on how new crises are most certainly headed our way.
Calling it the G-Zero world — referring to a leadership void where it’s every nation for itself — the two pepper the essay with warnings about China growth, another Europe meltdown or turmoil in the Middle East, a region they definitely see as not OK. Oh, and forget about the BRICS bailing out global growth.
Fast-fowarding past all that, central banks, mostly the Fed, get the last salvo from the doomsday duo, who devote several paragraphs largely to how that easy money policy is going to land us all in trouble. What markets and economist are hoping for as that two-day Fed meeting kicks off Tuesday is a slow and steady easy out of QE. That’ll fix everything, right? Wrong; …”
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