Tuesday, January 8, 2013

Nouriel Roubini : Politics Will Define 2013

Nouriel Roubini :.... The developed markets are “submerging,” or reverting to an emerging-markets-style world in which politics drives almost everything.the familiar macroeconomic toolkit isn’t working anymore. That means we need to create one, an inevitably political process.“This is an issue that is coming, but it is not there yet,” he said. “It is clear in the U.S. we are talking about inequality. It is not clear we will do anything about it.” - via the economonitor
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