Wednesday, June 8, 2011

The global economy is a glass that is half full and half empty

Nouriel Roubini , professor of economics at New York University and the chairman and founder of Roubini Global Economics, told the crowd at at REIT Week 2011 in New York : “The global economy is a glass that is half full and half empty,”“There are many positive trends,” “but there are also a number of downsides.” Those downsides include sovereign risk that remains quite high globally, with large amounts of public debt. Also the Eurozone, though causing less concern this year than last, continues to be troublesome, particularly the smaller countries on the fringe of the union. - in www.globest.com

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