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Monday, September 10, 2012

Roubini : We Face up to a Decade, of Low Economic Growth

Nouriel Roubini : "History suggests that whenever (there is) a crisis with too much private debt first and public debt second you have a painful process of deleveraging,"
"That would imply many years, up to a decade, of low economic growth. And guess what? Economic recovery in the U.S. has been unending and in the eurozone and U.K. there's outright economic contraction right now, and that's not going to change unfortunately in the next few years." Roubini said during a meeting on the world economy in Cernobbio, Italy, Friday, Sept. 7, 2012 - in deseretnews
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