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Dr Doom Nouriel Roubini's Blueprint for the Future
Posted by: Dheeraj Grover (IP Logged)
Date: September 10, 2012 10:25AM
Well know Dr. Doom Nouriel Roubini, professor at the New York university was on Bloomberg to discuss his views on ECB's just announced Bond Purchase program. His view of Europe going forward and his views on U.S. August job reports.
-- ECB will be very strict on conditionality, in terms of what conditions a country is let into the bond buying program.
-- In short term this is positive for euro zone as their is lesser risk of euro zone breakdown.
-- In short this is positive and support euro currency but if they keep on buying the debt of these peripheral countries that will weaken the euro over the long term.
-- On weaker U.S. jobs data and QE3: Unemployment is high and that makes QE3 coming soon. As soon as next week if job number is very weak for August or after the election if it is not that terrible.
Here is the video:
Credit and Source: Bloomberg, www.bloomberg.com
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