"Nouriel
Roubini : "Everyone is going to do more monetary easing...We live in a
world in which the problems of the advanced economies are not problems of
liquidity. Banks have plenty of liquidity. The problems are fundamental
solvency. So just throwing money at it implies that the loss will continue to
collapse and banks will hold extra money in the form of excess reserves. The
credit mechanism is broken and there is no creation of growth in most advanced
economies. So it doesn't affect real economic activity." - in Bloomberg"
at http://nourielroubini.blogspot.com/2012/07/roubini-central-banks-will-do-more.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NourielRoubiniBlog+%28Nouriel+Roubini+Blog%29
No comments:
Post a Comment