Roubini updates on Europe

Nouriel Roubini, co-founder of Roubini Global Economics LLC, talks about the European sovereign-debt crisis, the outlook for central bank monetary policy and risks of an asset “bubble.” He speaks from the sidelines of the Ambrosetti workshop in Cernobbio, Italy. Since staying too bearish on financial markets off the bottom in 2009, Roubini has learned to be more vaguely bullish when asked about near term market prospects. His true strength though is not his market timing which the hosts always ask him for (“how should we play this asset bubble until it blows up?” is the typical query). As an economist, Roubini’s expertise and value comes from his in depth knowledge of the European economy and political landscape. Here is a direct link.