Friday, May 31, 2013

Nouriel Roubini : The Fed is creating massive Fraud

Nouriel Roubini : "They [The Fed] are creating massive fraud," Roubini said during a panel at the Milken Institute Global Conference in Beverly Hills, Calif., last week.
He pointed to the junk bond market as one example of a bubble.
"At some point, there's a levitational problem," said Roubini. When gravity sets in, Roubini says there will not be a recession but a depression.
"The global growth scare would imply that commodity prices should be lower, bond yields should be lower, and equities should be lower," he said.
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