Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Most Recent Comments
Cartoons & Photos
SEARCH
« WATCH LIVE: Financial Crisis Hearings (Wachovia's Robert Steel, Lehman's Dick Fuld Both Testifying) | Main | Corruption Watch: Three Congressman Under 'Further Investigation' For Bribery Tied To Financial Reform Vote »
Wednesday
Sep012010

Roubini: Bernanke's QE Fantasy Will Fail, Double-Dip Odds Now 50% (CNBC VIDEO)

Video:  Dr. Nouriel Roubini on Squawk Box -- Aired Aug. 26, 2010

Outstanding interview.  This is lucid Nouriel.  He predicts Q3 GDP of ZERO.  And says Bernanke has no options and that QE v. 2.0 will fail.  No shit, Sherlock.  Quotes inside.

And for the record, the recession never ended.

---

From CNBC

The U.S. can't run a budget deficit of 15 to 20 percent of GDP, he said. In addition, quantitative easing is unlikely to have any effect in prompting banks to lend.

"Banks today are sitting on $1 trillion of excess reserves that they are not lending out" and earning 0.25 percent on, he said. "Why would they want to lend more if we do more QE?"

The U.S. is facing a "liquidity trap," which is when financial and credit systems get stuck, Roubini said.

And with companies discounting prices and a glut in the labor market, the biggest threat to the economy is deflation, he said.

"In the short run we may end up like Japan," he said.

More detail on this clip/story

 

 

 

 

 

---

Screenshot

 

 

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (5)

Earl, one of the strongest hurricanes of the Atlantic season, headed toward the U.S. East Coast after passing north of Puerto Rico with sustained winds of 135 miles (215 kilometers) per hour.

The “powerful” Category 4 hurricane, the second-highest on the five-step Saffir-Simpson scale, was 200 miles north- northwest of Puerto Rico and moving west-northwest at 13 mph, the U.S. National Hurricane Center said on its website at 9 a.m. Miami time. The center said storm models are mixed on whether Earl will continue to strengthen.

http://www.bloomberg.com/news/2010-08-31/tropical-storm-fiona-forms-as-hurricane-earl-tracks-toward-u-s-east-coast.html
Aug 31, 2010 at 12:05 PM | Registered CommenterDailyBail
ABC News Exclusive: Two Men on United Flight from Chicago Arrested for 'Preparation of a Terrorist Attack' in Amsterdam

Suspects Had Been Cleared Sunday by TSA in Chicago, Birmingham Despite Security Concerns

http://abcnews.go.com/Blotter/united-flight-arrested-terror-charges-amsterdam/story?id=11517664
Aug 31, 2010 at 12:06 PM | Registered CommenterDailyBail
Broke City Breaking Employee Contracts

"State of fiscal urgency" giving Miami officials some financial outs

http://www.nbcmiami.com/news/local-beat/city-to-employees--were-broke-so-were-breaking-your-contracts-101830903.html
Aug 31, 2010 at 12:18 PM | Registered CommenterDailyBail
Aug 31, 2010 at 12:32 PM | Registered CommenterDailyBail
Aug 31, 2010 at 4:30 PM | Unregistered CommenterZ

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.