Thursday, December 19, 2013

We Have Asset Inflation, rather than Goods Inflation or increased Employment

 Nouriel Roubini

Nouriel Roubini

Recovery has been anaemic in the West, around 2 per cent on average and slower in Japan. “There is still deleveraging going on. The name of the game is monetary stimulus, but this is causing asset inflation, rather than goods inflation or increased employment. We are beginning to see signs of frothiness in global markets again, while equity prices are high and price [to] earnings ratios [a measurement of equity values] above historical averages,” - in TheNationalUAE

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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