Monday, December 23, 2013

Bubbles can go on for quite a while

Bubbles can go on for quite a while, until there is a sharp change in monetary policy. Looking at the low interest rates I don’t expect any bubble to burst anytime soon.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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