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Tuesday, October 16, 2012

Roubini: QE3 Will Not Boost Stock Prices or Stimulate The Economy

The Federal Reserve’s decision to roll out a third round of bond buying will do little to boost stock prices and stimulate the economy, says Professor Nouriel Roubini “In March 2009, the S&P 500 index was down to 660, earnings per share (EPS) of U.S. companies and banks had sunk to a financial-crisis low and price/earnings ratios were in the single digits,” he wrote in a Project Syndicate
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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in