Roubini: QE3 Will Not Boost Stock Prices or Stimulate The Economy

The Federal Reserve’s decision to roll out a third round of bond buying will do little to boost stock prices and stimulate the economy, says Professor Nouriel Roubini “In March 2009, the S&P 500 index was down to 660, earnings per share (EPS) of U.S. companies and banks had sunk to a financial-crisis low and price/earnings ratios were in the single digits,” he wrote in a Project Syndicate