Nouriel Roubini, or “Dr. Doom” as he’s also known, is a New York University professor and co-founder of Roubini Global Economics. As his nickname implies, his opinions tend to be on the gloomy side, and in this recent interview he describes “monetary policy as impotent” and estimates a GDP growth rate in this year’s second half of, well, just about zero percent.
[Read more...]7 Critical Data Points Show the US Economy is Hitting a Wall
March 3, 2010 By Leave a Comment
It’s been declared countless times in the mainstream media that the economy has recovered. The US is out of recession and good times are back again. Yet, there is plenty of data to support that this is not the case. Seven of the top warning signs that the US economy may be hitting a wall are highlighted below.
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ECB Turns Into the Fed
The big news this morning is all about the European Central Bank (ECB) and their LTRO (long-term refinancing operation). I told you the skinny on what was going on yesterday, so I’ll give you the results today. Yesterday, I told you that if the eurozone banks requested around 400 billion euros (EUR) of loans, that would be bullish for the euro. And if they asked for more than 500 billion euros, it would be bearish. Well, they allocated 6.5 billion for three-month loans and 529.5 billion for three-year loans.
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