Tuesday, November 23, 2010

Roubini : US remains on an unsustainable fiscal course

"The risk ... is that something on the fiscal side will snap ... The trigger could be a debt rollover crisis in a major US state government," "The worst of the coming fiscal train wreck will be prevented by the Fed's easing. But the risk is (Obama) ... will then preside over ... a Japanese style stagnation, where growth is barely positive, and deflationary pressures and high unemployment linger." Roubini wrote in a commentary for the Financial Times

No comments:

Related Posts Plugin for WordPress, Blogger...