Wednesday, January 27, 2016

Roubini : Markets tend to be manic Depressive

Nouriel Roubini :   “A year ago they were believing in this rhetoric of the Chinese government, that China could achieve a soft landing, that it could maintain growth at 7%, that the Chinese were a bunch of ‘super-heroic technocrats’ who can do no wrong. But now they’re going to another extreme, saying that policy-makers are incompetent.”

Markets tend to be manic depressive .They go from excessive optimism to excessive pessimism

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

No comments:

Related Posts Plugin for WordPress, Blogger...