Tuesday, September 6, 2011

Rabbit Rabbit Rabbit yak yak

Bloomberg TV's Margaret Brennan talks to Nouriel Roubini

Dr Doom chats about the state of the US and what he thinks will happen if and when QE3 hits. Ok so no monetary stimulus but what about fiscal loosening? Its all about politics innit.

Posted by techieman @ 01:48 PM (1150 views)
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7 thoughts on “Rabbit Rabbit Rabbit yak yak

  • general congreve says:

    Roubini is a shill. Listen to him at your peril.

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  • 🙂 ok GC if you say so…. heres one to make you smile:

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  • or maybe you mean this:

    Nouriel Roubini about gold standard:

    http://www.youtube.com/watch?v=U5dkGo6VefE

    or even

    Nouriel Roubini Says Invest in Cash

    http://www.youtube.com/watch?v=S56g53CaZBo&feature=related

    I have to say i agree with most of what he says on both of these.

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  • Hi techieman – love the YouTube clip @ 2 – specially the last bit.

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  • general congreve says:

    @2 – Oh yes, seen it before, the old you may as well bend over and take what the banksters and government crooks are dishing out argument. Doesn’t make the case for gold any different, just strengthens it. I’d rather be part of the hard pressed rebel alliance than an unthinking Imperial squaddie destined to die at the behest of my uncaring Overlords.

    @3 – I do agree with Roubini that we shouldn’t have a gold standard. No one should dictate the value of gold. Gold should be free money. So I am perfectly happy with the current floating exchange rate system where all other currencies sink over time versus gold. As for problems with crashes during the gold standard, that’s what happens if you implement artificial fixed-currency standards and run your economy using fractional reserve banking. Outlaw fractional reserve banking and allow people to choose the money they use and it’s value, and then you’ll see a sustainable economy.

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  • general congreve says:

    @3 – Sorry, almost missed that second one. Yeah, invest in cash everyone! Great punch line. Roubini’s comedic talent is unprecedented indeed. Sorry, what’s that, he calls himself an economist, not a comedian? Now surely you’re joking?!

    I’m being a bit hard on him. To be fair, he is half right, yes you want to be in cash, but not the type he is talking about. He calls gold a commodity, it is not, first and foremost it is a currency, and that is the cash you want to be in. In fact if you look at the price of everything in ‘cash’, since our problems really kicked off at the beginning of the 21st century, you’ll most things have deflated versus ‘cash’, most notably housing.

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  • Roubini recently took a $3m mortgage on a £5.5m apartment in Manhattan. Is that the behaviour of someone that believes in cash?

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