Friday, February 18, 2011

Roubini: G20 in Disarray, There is No Global Leadership; China

Ubiquitous economist Nouriel Roubini was on CNBC again discussing the G20 finance meeting:

  • There is just disagreement. The U.S. is too weak with its deep fiscal problems.
  • Interesting discussion on China's being number 2 economy and GDP per capita. Breaking up China, Shanghai's per capita is $14,000..
  • China's consumption can still rise significantly.


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