Wednesday, May 21, 2014

US Economy : Despite of QEs There is going to be a Recovery

 "I thought I was 'Dr. Doom until I met Peter," NYU economist Roubini said Wednesday. "Compared to him, I'm 'Dr. Boom.' He has been predicting a collapse of the dollar, gold going through the roof and inflation rising sharply. I just see the opposite. I see the U.S. economy—which, in spite of QE1, QE2, QE3—there's going to be an economic recovery."
"The real point of the argument and the panel was over inflation, over whether it was good or bad. Nouriel's point is that he believes that economies need a certain amount of inflation to grow, and that somehow consumers are better off if the prices of the things that they need and want go up every year," he said.- in CNBC

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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