Jul 11, 2012

Policy Easing Can Only Temporarily Lift Asset Prices

Global policy makers are running out of rabbits to pull out of the hat. Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time. - in Mercopress

Related: iShares MSCI Emerging Markets (ETF) (EEM), SPDR SP 500 ETF (SPY)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.