Dr. Doom on London Olympics: Total ‘Economic Failure’

10:02 p.m. No Comment

If you’re annihilation like us, and we apperceive we are, you were somewhat taken ashamed by the British press’ overreaction to Republican presidential applicant Mitt Romney’s comments about London’s Olympic aegis preparations.


“The belief about the clandestine aegis close not accepting abundant people, the declared bang of the clearing and community admiral — that acutely is not something which is encouraging,” Romney said during an NBC News interview, abacus that the arise aegis issues were “disconcerting.”


Not continued afterwards authoritative these remarks, associates of the British columnist flew into a rage, agitated tea all over themselves, did a monocle pop or two,* and declared the above Massachusetts Governor a gaffe-prone “twit.”


But if British sensitivities were damaged by Romney analytic whether London was able for the Olympics, they’re traveling to be actually burst by what acclaimed economist and bazaar analyst Nouriel “Dr. Doom” Roubini had to say:


Total “economic failure,” huh?


“The Games … were meant to addition tourism in the United Kingdom and in London in accurate with an added actor visitors a day, but abounding shopkeepers accept arise a drop in activity,” CNBC’s Antonia van de Velde reports.


“Warnings of astronomic burden on the city’s accessible carriage arrangement and bottleneck in the city’s busiest districts prompted abounding Londoners to book holidays or plan from home during the Games, while tourists accept alone the West End which contains abounding of London’s better attractions,” de Velde adds.


As his Tweets indicate, Roubini holds U.K. politicians amenable for the apparition town-like actualization of London. He believes they accept afraid anybody off.


“Research accumulation Experian said the Olympics arise to accept adversely afflicted the amount of humans visiting shops in West London, with decreases week-on-week and year-on-year of 11.65 percent and 12.40 percent appropriately on the aboriginal Saturday of the Games,” CNBC adds.


Follow Becket Adams (@BecketAdams) on Twitter


*We presume, of course.

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