Monday, May 24, 2010

A sober read from a party animal

Nouriel Roubini said the bubble would burst and it did. So what next?

"Eventually inflation will go up and that erodes the real value of public debt," Roubini says. "In that scenario the value of the pound will fall sharply. It could even become disorderly and that could damage the economy, the financial markets and also the role of the pound as a reserve currency."

Posted by sureseam @ 04:24 PM (1474 views)
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7 thoughts on “A sober read from a party animal

  • As a man with a well documented track record, he is worth checking out. His analysis seems accurate.

    For some while I have understood that house prices will fall, the two questions are when and how. He reckons on a mix of sterling decline and (then?) inflation. The remaining question is when – and frankly – my wife wants an answer!

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  • dont believe all you hear from Nouriel…. as a market timer he’s a great economist!!!

    That said he will give you rhyme and reason but not necessarily the timing – you need to look elsewhere for that.

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  • Techie…linky no worky…can you post again please/

    Ta!

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  • Techie…linky no worky…can you post again please/

    Ta!

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  • Opps…yes it does! Please ignore above!

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  • Yet another guru…..

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