Saturday, January 21, 2012

Roubini : Oil prices are going to go higher

Nouriel Roubini : “Most problems facing the global economy are not temporary or random,”
“energy and food insecurity aren’t going to go away.”
“Oil prices are going to go higher,” “This has not been a typical recession, it was a balance sheet crisis caused by too much leverage,” said Roubini, adding “studies suggest it could take up to a decade to reduce debts and deficits.” - Nouriel Roubini was a key speaker at Bloomberg Tradebook conference held in New York last Thursday.

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