Nouriel Roubini warns of the perfect financial storm. He says that the US is in danger of tipping over a fiscal cliff, once it hits the debt ceiling. Europe is in recession and will stay in one for a decade. China's growth has slowed to 7%, which is low enough to warrant a danger of social unrest and rioting. To add to this discouraging potpourri is the risk of an attack by Israel on Iran's nuclear facilities. According to Haaretz, Prime Minister Netanyahu believes Iran to be just 4 to 8 weeks from producing a nuclear bomb.

By J Mulraj