Nouriel hits the FT, calling for Italy's debt to be restructured as public debt of 120% of GDP,...

|By:, SA News Editor

Nouriel hits the FT, calling for Italy's debt to be restructured as public debt of 120% of GDP, real rates of 5%, and zero GDP growth add up to a toxic mix. Mario Monti may do a better job than Berlusconi, but he has no ability to alter the laws of math. Contrarian alert: Wasn't Roubini calling for U.S. bank nationalizations in 2009 shortly before the XLF nearly tripled?