Thursday, May 13, 2010

Nouriel Roubini on Cavuto Fox Business News May 12, 2010

Nouriel Roubini: Greece is The Tip of the Iceberg

Nouriel Roubini : In my view what's happening in Greece is just the tip of an iceberg , ...we socialized these private losses , now we have large budget deficits in Europe in Japan in the United States the bond market vigilantes are waking up in Greece in Portugal in Spain at some point they are going to wake up in UK in Japan in the United States we are running a trillion and half deficit it is obviously over time not sustainable ....
America's debt is unsustainable says Nouriel Roubini , for now the FED can keep interest rates at Zero and the rest of the world is financing us but this situation cannot last forever

May 12, 2010
NYU Stern School of Business Professor Nouriel Roubini on how to prevent the debt crisis in Greece from happening in the U.S.

No comments:

Related Posts Plugin for WordPress, Blogger...