Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.
Nouriel RoubiniEdward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.
Nouriel RoubiniWe're essentially continuing a system where profits are privatized and...losses socialized.
Nouriel Roubini