elwind45

Nouriel Roubini, One on One: More Doom and Gloom

The government will sacrifice business to save "its" skin. This dollar problem ends in a yield curve standing on its head (no confidence). I can forsee a time when the only thing stopping the yield curve from staying negative is higher taxes. A company will not be able to make payroll from commercial paper( interest cost).The economy is being turned into a raisin! Any capital is clawed out of the economy as soon as it hits the banking system. The only real economic growth is risk (dollar carry) and pass thru payments to AIG. This is a time to believe higher short term rates. What is wrong with staying liquid and off CNBC?