Tuesday, July 31, 2012

Roubini : 2012 a flat year for U.S. Stocks

Nouriel Roubini : “There might be a weak rally because people are being cheered by more quantitative easing by (Chairman Ben) Bernanke and the Fed, but if the economy is weakening, that is going to put downward pressure on earnings growth,”
“targeting the 10-year Treasury at 1 percent, doing credit easing rather than quantitative easing, targeting nominal GDP, price-level targeting and lots of stuff that is more esoteric, Eventually if everything goes wrong, they can even buy equities.” said Nouriel Roubini - in a recent interview with Reuters
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