a curious Yankee in Europe's court » European bank http://foreignremarks.com/passingcomments blog about living in Europe, and Italy Sat, 19 May 2012 13:58:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 The global economy: how bad is it going to get? http://foreignremarks.com/passingcomments/archives/366 http://foreignremarks.com/passingcomments/archives/366#comments Fri, 05 Dec 2008 10:47:16 +0000 rebecca http://foreignremarks.com/passingcomments/?p=366 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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