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Monday, July 26, 2010

Roubini : There is a global deflationary risk

”There is a global deflationary risk,” says Nouriel Roubini, economics professor at NYU Stern School and chairman of RGE Monitor. “That’s what central bankers are worried about.”.”The Fed is trying to preemptively avoid a deflation trap [which] is very dangerous,” Roubini says. “Whether they’ll be successful or not, I don’t know.”The problem, he says, is there’s going to be a “severe recession”
NOURIEL ROUBINI BLOG