Saturday, October 6, 2012

Roubini on whether Bernanke is an Asset or Liability for President Obama

Nouriel Roubini : "At the margin, he's an asset in a sense of what the Fed has been doing is reduce the tail risk of another double dip recession. QE, QE2, Operation Twist and now QE 3. It is not going to have a huge effect on the economy, but it already has an effect on stock prices. There has been a rally of 15% since December in part because of lower tail risk in the euro zone and in part because of QE3. The margin is beneficial, but only marginally." - in Bloomberg
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