Shai Ahmed

A survey that measures net wealth in terms of real assets, particularly real estate, turns up surprising results.

Carlos Ghosn CEO of Renault Nissan, the world's fourth-largest automaker, says the European car market is facing a precipice and the region's shrinking demand shows little signs of recovery this year. The pessimism comes after German new car sales data showed a slump of more than 10 percent in February year-on-year.

Roubini, who is chairman of Roubini Global Economics and has been dubbed "Dr Doom" for his gloomy economic forecasts, said in the piece that the deal manages to stave off the debt issue temporarily rather than resolve it while another serious battle over raising the debt ceiling looms.