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)
7 thoughts on “A sober read from a party animal”
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sureseam says:
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!
techieman says:
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.
techieman says:
Sorry forgot this:
http://www.marketoracle.co.uk/Article14751.html
magnaman says:
Techie…linky no worky…can you post again please/
Ta!
magnaman says:
Techie…linky no worky…can you post again please/
Ta!
magnaman says:
Opps…yes it does! Please ignore above!
fjcruiser says:
Yet another guru…..