The euro zone needs a real depreciation in the periphery to achieve the restoration of growth, external balance and competitiveness,” economist Nouriel Roubini told CNBC at the Ambrosetti workshop in Italy. Here is the direct link.
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Personally, I wouldn’t trust this guy. His company went bust with such amazing calls as ‘Gold was in a Bubble at $900’…
There will be no war with Iran – it’s all sabre-rattling…
There can be no defaltion when they have a printing press…
‘Not worry about inflation?” tell that to the people who have to buy gas to go to work Noriel! or the 46 million on Food Stamps…
Inflation got started in the early 70s because both workers and businesses had pricing power. I don’t think that’s the case today.