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Nouriel Roubini Has Concerns About Inflation
Nouriel Roubini, professor at the Stern Business School at New York University said in an op-ed piece in today’s (Monday’s) edition of the Financial Times that while the global economy is “starting to bottom out” there is “a rising risk of a double-dip W-shaped recession,” mainly because of the threat posed by inflation.
According to Roubini, who is often credited with predicting the financial meltdown, there are three open questions concerning the global economy:
- When will the recession be over?
- What will be the shape of the economic recovery?
- Are there risks of a relapse?
The first question is different for every country, as some had…
25Aug2009 | Money Morning | 0 comments | ContinuedWill 2009 Be Even Scarier?
Great Depression II…15% drop in home prices…Food riots…9% unemployment…Another 50% drop in the Dow…
My how the world has changed?
A year ago, the bulls were off and running. Many were “buying on the dip.” Commodity prices were soaring. Farmers were making a killing. Emerging markets consumers couldn’t get enough of anything.
It seemed like the boom would never end. Any talk of a full scale global depression or 50% decline in the Dow would have been laughed off. This year, it’s a totally different story. The bears are out in force and the leading opinion-makers in the investment community couldn’t be…
13Dec2008 | Q1 Publishing | 0 comments | Continued
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