Nouriel Roubini - Estoril Conferences - Portugal 2011

Nouriel Roubini speech at the Estoril Conferences in Portugal : "the globalization started here in Portugal some 500 years ago " " we know that the crisis was caused by too much easy money , too much easy credit excessive debt leverage by households and financial institutions , excessive risk taking , lacks of supervision regulation of the financial system , so there was not one cause but multiple ones that led to a boom and a bubble followed by a bust and a crash " says Nouriel Roubini " but the problem we are facing today is that a crisis that started with too much private debt and leverage now has turned has morphed into a new type of crisis , it is a crisis which is now too much public debt and deficit and leverage " Roubini added ...