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.
Economic News , Data & Views....March 23 , 2017....Quick Hits For Thursday -1) Markets : Asia - Economic Calendar For Friday , Market Moving News & Data To Consider ; US - US Major Indexes Down Marginally Today , Gold Down $3 to $1245 , WTI Down 35-cents To $47.69 , US 10-Year yields Up 1 bps To 2.41%. 2) US Politics : State Of Play On Repeal & Replace - HC ; Trump DC Hotel Found Not To Be In Violation Of Its Lease ; Trump Tweets Of the Day ; Additional Items To Consider. 3) Europe In Focus : Greece Updates For Thursday ; French Presidential Election News & Polling Data ; EU- Turkey Relationship Continues To Fray , Turkey Threatens To Review Ties With Europe After Turkey's April Referendum ; Germany - Political Updates - Chancellor Race & Saar Federal Election Sunday ; UK - London Attack Updates , Brexit Updates. 4) Libya In Focus - Another Huge Disaster On The Open Waters With As Many as 250 People Lost , State Of Political Play In Libya.
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