Wednesday, March 22, 2017

Roubini on FED's Rising Rates

"The market is going higher but think about his (Trump's) economic policies ... His sense of policy doesn't make sense," Roubini told CNBC

"The supply-side trickle-down economic policies, they are not going to help the white working class," he added. "A strong dollar is going to force him to become even more protectionist and bash globalization, trade and migration."

The rise of the dollar based on the Federal Reserve model is going to lead, over the next year and a half, to 400,000 jobs lost being lost in manufacturing, Roubini claimed. He added that any attempts by Trump to talk down the currency would ultimately fail due to the fundamentals driving the dollar.

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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