Friday, February 22, 2013

Roubini : The Mother of All Bubbles Has Begun

Nouriel Roubini : “The risk of the end game from QE is not going to be goods inflation, it's not going to be a rout in the bond market,” Roubini says. “The risk is like during the 2003-06 [cycle] - we're exiting very slowly and we got an asset bubble.””We could create an asset bubble worse than the previous one which could lead to another financial crisis not this year, not next year but two or three years down the line if we keep on doing these policies,” he says. “You're building the financial leverage that’s going to lead you to [another] bubble and eventual crash.” - in yahoo finance
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