Saturday, May 17, 2014

Roubini : I totally disagree with Peter Schiff

"Falling prices do not threaten consumers," he said. "Consumers benefit from falling prices."
"What you're saying about deflation is nonsense," Roubini told Schiff as the two sat next to each in front of thousands of hedge fund managers and investment pros.
"I totally disagree with Peter. His arguments about deflation are nonsense," Roubini continued. "We had deflation with the Great Depression…We had 20 years of deflation in Japan where there was no economic growth."

 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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