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Roubini Sees $ Cash!

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- mike you need to amend the title -

hmmm, this is interesting, roubini has been playing the media speaking circuit for a while and is now almost a luvee; he tends to get a lot more coverage in the wsj then say schiff or faber

is this a prelude to the fall? i.e. a mainstream media pundit saying what some of the alternative pundits say?

Roubini said he didn’t see a risk of a dollar crash in the “‘short term.” The value of the U.S. currency relative to currencies such as the yen or the euro “cannot change too much compared to current levels because if the dollar were to weaken a lot and the euro strengthen a lot, that’s going to warp any chance for the European economy to recover, same argument as to the yen,” he said.

“Most of the adjustment of the dollar in the future has to occur relative to China, relative to emerging Asia and relative to some of the other commodity exporters in the world, whether these are advanced economies or emerging markets,” he said.

Edited by p.p.

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“Unless in the medium term these issues of fiscal sustainability are addressed, and unless we mop up that excess liquidity from the financial system, eventually the financial markets and the foreign creditors of the United States might get more concerned about the sustainability of the U.S. fiscal deficit and about the U.S. being tempted to use the inflation tax as a way of resolving its private and public debt problems,†he said.

Just how does he think the US debt problem can be solved?

The above seems to me to be a catch 22.

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