The global economy: how bad is it going to get?
It’s going to get worse, Nouriel Roubini says in an interview last week (Nov. 28) with Bloomberg.com. He notes that the global economy is now in crisis.
Other comments: the U.S. economy is in free fall and the effects are spreading across the globe, and the European Bank needs to be more aggressive in cutting rates, and more stimulus spending is necessary.
Most interesting questions: is confidence the key to restoring stability in the markets, and will bank rates drop to zero?
Watch video here (17:02)
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