Nouriel Roubini — a.k.a. Dr. Doom — warns of rising risks around the world
1. Terror attack in U.S. or Europe: Mideast turmoil hasn’t rattled investors that much, but it could “if one or more terrorist attack were to occur in Europe or the US – a plausible development, given that several hundred Islamic State jihadists are reported to have European or US passports,” Roubini writes.
2. Russia-Ukraine or Syria conflicts could spread: Markets “could be incorrect in their assessment that conflicts like that between Russia and Ukraine, or Syria’s civil war, will not escalate or spread,” Roubini said. “Russian President Vladimir Putin’s foreign policy may become more aggressive in response to challenges to his power at home, while Jordan, Lebanon, and Turkey are all being destabilized by Syria’s ongoing meltdown.”
3. Hong Kong protests and more: He says geopolitical tensions “are more likely to trigger global contagion when a systemic factor shaping the global economy comes into play.” Hong Kong, the U.S. or Europe could provide that factor.
Whenever the market drops, this guy's ugly face shows up on MarketWatch front page, kind of like a troll from under the bridge.
I'm not an over-optimist saying the market will never crash, it has to crash sooner or later. But I'm just tired of seeing this guy's face whenever the market drops.”