Saturday, March 31, 2012
Roubini : The Markets are Schizophrenic
Nouriel Roubini : ".....Markets are sort of schizophrenic , until a month ago we were telling Italy and Spain and the others cut the budget deficit primary surplus , fiscal compact they are gradually doing it , now the recession is getting worse "“There’s this vicious circle with the deficit that doing austerity makes the recession worse,” he said. “Without growth, the socio-political backlash will become overwhelming for some governments.” - in CNBC Interview 30 March 2012
