‘Roubini’s Devastating Diagnosis’ – Freeland File (Full Video Interview – 16:49)
7 Responses to “‘Roubini’s Devastating Diagnosis’ – Freeland File (Full Video Interview – 16:49)”
The most interesting interview I've watched in a long time. He brings up many points that I haven't heard before at least in terms of comparing the federal structure in US to that envisaged for Europe. Roubini was right before so I think we have to pay attention now. He's clearly more in depth knowledgeable about all this than the majority of talking econ heads these days.
It is an interesting point about the US structure automatically, and invisibly, adjusting for indebted states. It implies that the peripheral European states act as canaries in the coal mine; their deficiencies become immediately publicly visible.
But canaries have their uses: they give an audible warning that discourages carrying blithely on as before. A generation from now, the EU may be glad that they knew of their peril in time to avert the worst: the US may wish that they had had such a system.
Mr Roubini is pointing at facts that is seldom told in the global economic debate. He has a view that takes in the political risks also and that is very healthy compared to other "experts".
For sure, the scenario he describes has a big potential to be the truth for the future, so people pay of your debt as son as possible to stay healthy 🙂
George Friedman at Stratfor has talked on similar issues: From a historical perspective, there is no desire amongst the Europeans to force members to stay in the Union as the North did to the South during the Civil War
So where are the markets to preserve value? I favour Canada NZ and Mauritius each for their own unique advantages
I hate watching women hit on you. And stop enjoying it too! Why are you sitting on your hands? What are you not telling us?