From Yahoo Finance: As the Federal Reserve's Open Market Committee begins a
two-day meeting , economist Nouriel Roubini and political scientist Ian Bremmer
warned that the Fed's monetary easing exit strategy would be
"treacherous" and would lead to financial instability.
"We know how the movie ended, and we may be poised for
a sequel. The weak real economy and job market , together with high debt
ratios, suggest the need to exit monetary stimulus slowly. But a slow exit
risks creating a credit and asset bubble as large as the previous one, if not
larger," they wrote in a report published in Institutional Investor
magazine.
In the report, they warned that market complacency among
politicians, investors and central banks was leading us into a "New
Abnormal" era - a "period in which every market assumption must be
questioned and the wise investor is prepared to be surprised…."
No comments:
Post a Comment