Thursday, September 8, 2011

Invest in Cash in US Dollars

Nouriel Roubini : mostly keep it in cash, especially in dollars, as the U.S. currency tends to strengthen during financial crises. Roubini said he would also favor government bonds of countries with small budget deficits and low public debt, such as Canada and Australia, and avoid stocks and commodities. If we see a nasty global recession, then risky assets, starting with equities, are going to hurt and going to hurt big time, - in Bloomberg

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