Friday, October 23, 2009

Nouriel Roubini Big Crash Coming

Nouriel Roubini gave today an Interview to by Dave Nadig of IndexUniverse
"There’s a huge bubble, because we have zero rates in the U.S., zero rates around the world and a huge carry trade. Everyone is borrowing at zero interest rates in dollars and getting a capital gain because the dollar is weakening, so they are borrowing at negative rates. And then they invest in risky assets: commodities, equities, credit. We’re creating a bigger bubble than before.
It’s going to go crashing down, in an ugly way. That’s the basics of the argument."
Roubini said :
Read Interview >>>>

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