Anne Gibson
2 Dec 2013
Nouriel Roubini, the American economist and financial expert dubbed Dr Doom – who predicted last decade’s global meltdown – has picked New Zealand as having one of the world’s most precarious housing markets.
And it is precisely because we didn’t suffer a big slump last decade – like Spain, Ireland or the United States – that we could be in for a hiding.
Roubini, widely acclaimed for his bearish views and insightful analysis, accurately picked the collapse of the United States housing market and the worldwide recession which started in 2008.
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