Thursday, September 2, 2010

Nouriel Roubini : the stock markets could sharply correct,

“With growth at a stall speed of 1 percent or below, the stock markets could sharply correct, and credit spreads and interbank spreads widen while global risk aversion sharply increases,” “A negative feedback loop between the real economy and the risky asset prices can easily then tip the economy into a formal double dip,”
said Nouriel Roubini, the New York University economist who predicted the global financial crisis in an Aug. 25 e-mail message to Bloomberg television

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