Monday, December 23, 2013

Roubini Warns Canada’s Housing Bubble about to Burst

‘Dr. Doom’ warns Canada’s housing bubble about to burst |
 It’s the doctor versus the governor in the ongoing debate over the direction of Canada’s housing market. On the pessimistic side there’s 

Nouriel Roubini, the man known as “Dr. Doom” for his pessimistic outlook on the global economy. He recently pinpointed Canada’s housing market as a bubble set to pop.

Canada is in the company of other housing markets that Roubini (known as one of the few to correctly predict the U.S. housing crash) says are showing
“signs of frothiness, if not outright bubbles,” including Switzerland, Sweden, Germany, Australia and New Zealand.