Sunday, May 24, 2015

Fed's Tools to Deal with the Bubbles are not going to work

“driven by zero policy rates in advanced economies,” with QE continuing in the Eurozone and Japan, the authorities were bent on increasing values in homes and stocks, but this can lead to asset bubbles, “and the tools to deal with these bubbles are not going to work.”

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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