Tweet
Nouriel Roubini warns of bubble
Globe and Mail, October 28, 2009
http://www.theglobeandmail.com/globe...rticle1340766/
Dr. Doom says low interest rates have created the next bubble...
... and, by the way, don't expect a V-shaped recovery.
Globe and Mail, October 28, 2009
http://www.theglobeandmail.com/globe...rticle1340766/
Dr. Doom says low interest rates have created the next bubble...
The New York University professor, nicknamed Dr. Doom for his famously grim but accurate prediction of the financial meltdown that flattened economies around the world, said Thursday the U.S. recession appears to be over. But he warned that a new asset bubble fuelled by rock-bottom interest rates and a falling U.S. dollar could trigger another financial disaster.
Mr. Gross and his Pimco colleagues dismiss the prospects for a traditional V-shaped recovery and warn that the U.S. is facing a “new normal” of tight credit, higher inflation, slow growth and elevated unemployment levels.
Comment