Roubini Casts Pall on Commodity Price Prospects, but Says Dollar a Haven

JOHANNESBURG--September 26, 2011--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Speaking at the Discovery Invest Leadership Summit in Johannesburg, South Africa, high-profile U.S. economist Nouriel Roubini said that he disagreed with suggestions that emerging market growth would be sufficient to offset global economic decline. He said that lower demand from developed countries would lower demand for commodities in emerging markets, which would negatively affect commodity prices.