Tuesday, May 7, 2013

Roubini: Fed Risking Sequel To 2008 Financial Crisis

From Hereisthecity: The Federal Reserve's commitment to loose monetary policy is likely to lead to asset and equity bubbles in the next two years which could be worse than the previous crisis, renowned economist Nouriel Roubini said in an opinion piece for Project Syndicate.

Roubini famously dubbed Dr Doom for his accurate prediction of the 2008 financial crisis, wrote earlier this week that "the problem is that the Fed's liquidity injections are not creating credit for the real economy, but rather boosting leverage and risk-taking in financial markets….

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