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Sunday, September 9, 2012

Roubini to CNBC : QE3 Is Coming

Nouriel Roubini told CNBC, "I would say the US economy is weak enough and employment is high enough that the Federal Reserve will do QE3 eventually." “By the fourth quarter, with the fiscal cliff coming and firms becoming more cautious, capital spending is slowing down and growth will be not even 2 percent,” “Job creation might be around 100,000 or slightly higher for the next few months, but there’s not going to be any significant reduction in the unemployment rate.” “If you get the fiscal drag as growth slows, you’re close to zero growth next year, he said. “This implies that by December the Fed is going to do a third round of QE3.”