Wednesday, February 10, 2010

Roubini Dollar Will Fall 15 to 20 Percent

Nouriel Roubini
“I see anemic recovery of economic growth in the U.S., and the U.S. current account (deficit) is still very large,” New York University Professor Nouriel Roubini, a professor , said at the Troika Dialog Russia Forum in Moscow , as reported by Bloomberg.

“In the next two or three years, the dollar has to weaken further on a trade- weighted basis.”

Regarding The American Economy Roubini Said “There’s going to be better economic news for a couple of quarters due to temporary factors, such as restocking, fiscal stimulus, and base effects,” .

“In the second half, economic weakness is going to reappear again. On a trend basis, the dollar has to weaken.” Roubini added


Anonymous said...

That will only happen if Obama is allowed to remain in office. He must be impeached and removed from the USA

Razvan said...

15-20% compared to what? Euro zone has huge issues with countries in high debt; China has issues with the sustainability of last years' growth.
Is there any currency that is not going to depreciate?

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