Tuesday, April 28, 2015
We live in a world of too much Supply and little Demand
Central banks have had no choice but to approve -and should maintain - heterodox policies given the weakness of the recovery.
Who could think that six years after the global financial crisis, most advanced economies continue floating in a soup of letters (ZIRP, QE, CE, FG, NDR and U-FX Int) of unorthodox monetary policies?
read more (in Spanish) at : http://gestion.pe/economia/roubini-vivimos-mundo-demasiada-oferta-y-poca-demanda-2130059
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics