Dr 'Doom’ Going kaboom"

Discussion in 'Wall St. News' started by Free Thinker, Oct 12, 2011.

  1. Doom’ Going kaboom
    Puts firm on block

    Last Updated: 12:51 AM, October 12, 2011

    Read more: http://www.nypost.com/p/news/business/doom_going_kaboom_2GN6ian1XqJtImILkrYClJ#ixzz1ab6ItDrz

    Nouriel Roubini, the NYU economist nicknamed “Dr. Doom” for his gloomy predictions, has a dire forecast when it comes to his future with Roubini Global Economics, the research firm he founded in 2004.

    Roubini, who rose to fame on the heels of his accurate predictions about the housing bubble and the financial crisis, is seeking to sell RGE amid estimates of up to $2 million in losses for this year, according to a report.

    In a pitch to potential bidders, the firm’s bankers are warning that RGE will post losses of roughly $2 million this year on revenue of $14 million, according CNBC.

    Read more: http://www.nypost.com/p/news/business/doom_going_kaboom_2GN6ian1XqJtImILkrYClJ#ixzz1ab6NHSrY