Talib wisely took the red pill. He is correct, especially in regards to Bernanke. Unfortunately, Roubini, is choking down the blue one.
They both simply need to get out their calculators, add up all the debts and tell me where the money is going to come from. SIMPLE. The actions being taken MAKE THE PROBLEMS WORSE, dramatically so. It would appear that Roubini has gone over to the dark Keynesian side of deficit spending being “necessary” to avoid a depression. No, Nouriel, we will have a depression BECAUSE of all the deficit spending.
I would politely suggest that Roubini spend a little more time with his calculator and a little less time rubbing elbows at lavish parties.