Wednesday, November 17, 2010

Latest Roubini Video: QE2 Will Have Little Impact, Global Tensions Getting Worse

Nouriel Roubini is in Europe. He says that global tensions are getting worse and that the effects of QE2 o growth wil be minimal, about 0.3% on GDP.

Banks are not going to lend this excess money. Weakening of the dollar caused by Qe2 is increasinsgly being resisted, so it won't happen either.

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