Thursday, January 03, 2013


"In the piece, Roubini said the fiscal adjustment would translate as a drag on the economy during the year, warning "the U.S. could quite easily come perilously close to stall speed this year" or worse if the euro zone begins to unravel once again.
He goes further to argue the longer term is likely to be much worse than any short term woes.
"Neither Democrats nor Republicans recognize that maintaining a basic welfare state... implies higher taxes for the middle class as well as for the rich," Roubini writes."

1 comment:

Anonymous said...

Don't worry . he'll be back first decent down day to declare victory, yet again. Long live BDI

Jack B