Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Monday, November 2, 2009

Roubini Predicts More Financial Problems Because of Artificially Low Fed Rate

Roubini is at it again. In Sunday's Financial Times he warns of dire consequences from the Fed holding interest rates at near 0%. Roubini believes that the Fed decision will ultimately lead to another bubble that will make the housing bubble look like a walk in the park. I suggest reading the Bloomberg article first, as Roubini's editorial is clearly written for economists and not the general public.



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