Wednesday, January 26, 2011

Roubini :U.S. Risks ‘Train Wreck’ From Bond Vigilante Wrath

Jan. 26 (Bloomberg) -- New York University Professor Nouriel Roubini talks about the global economy and U.S. fiscal policy. Standard Chartered Chief Economist Gerard Lyons joins the discussion moderated by Tom Keene on Bloomberg Television's "The Pulse." They speak from the World Economic Forum meeting in Davos, Switzerland. (Source: Bloomberg)
“In many of these emerging markets two-thirds of their consumer-price indexes are food, energy and transportation,” “When these things rise it becomes a really significant social cost.” Roubini said.

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