Prophet Crisis, Nouriel Roubini, About The Consequences of Killing Bin Laden
by While Americans are elated to have escaped America’s public enemy number one, the famous economist Nouriel Roubini, who accurately forecast the magnitude of the global financial crisis, says news of killing of Osama is too may not be a too good for Americans long term.
While Americans are elated to have escaped America’s public enemy number one, the famous economist Nouriel Roubini, who accurately forecast the magnitude of the global financial crisis, says news of killing of Osama is too may not be a too good for Americans long term.
That’s because Osama’s murder will not bring great changes in geopolitics. In addition, it will have negative consequences for the global economy, he says, “someone might decide to show their muscle by attacking U.S. or other parts of the West”, which would represent a significant risk to global economy Forbes writes.
Moreover, a consulting firm Roubini’s given an official position on Osama bin Laden’s death, the murder looks like it could give even greater power group’s al-Qaeda.
And other economists have said think about bin Laden’s death impact on the economy. ”Osama’s death is a great event. In addition to America, Osama is not killing all of them, long term,” said renowned economist Fabius Maximus.
“ euphoric market reaction is not life long. Bin Laden dead does not mean an immediate impact on earnings, unemployment or economic growth, “said Barry Ritholtz. He agrees with Roubini’s opinion, Osama’s death that the effects may be negative, and the terrorist attacks on the United States will multiply. However, long term, Ritholtz sees a high potential of democracy in the Arab world, a lower price of oil and stability in the Middle East.”Much could be a positive thing. The benefits may occur, but it takes time , “said Ritholtz.
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