Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy’s direction. In an interview with WSJ’s Simon Constable, Roubini also says he’s putting his money in cash. “This is not the time to be in risky assets,” he says.
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He has praised Marx, he’s blamed Bush for everything, he is asking for another stimulus.
Please wake me up. What the hell happen to Roubini.
I do agree that we need to reverse Bush tax cuts and increase taxes in USA
to get new income to cover debt service.
Solution to this recession is for most entities in the system go through defaults.
Nation that is in big debt cannot produce working stimulus. No chance.
I can’t believe that 3 years later we are asking for more stimulus.
Obama has inherited the bigger part of this mess
but he knew that before he got in the office.
On top of that he’s made it the situation worse.
I share the view in this video clip re oil prices and growth
http://www.cnbc.com/id/44121011