‘Doctor Doom’ issues global-market crash warning

‘Doctor Doom’ issues global-market crash warning

The US default would be disastrous, according to eminent economist Nouriel Roubini

The US government’s failure to agree on lifting the debt ceiling is likely to hit markets and damage confidence in the dollar over the longer term, renowned economist and New York University professor Nouriel Roubini has warned.

“They may get to the last hour before there’s an agreement,” Roubini told Bloomberg TV on Wednesday, on the sidelines of the Qatar Economic Forum in Doha. “Or it’s possible they don’t reach an agreement. If that doesn’t happen, then the market is going to crash,” he said.

According to Roubini, who…