“The reason why central banks keep on printing money is because they worry about downside risk to economic growth. But if liquidity spreads because of the downside risk to global economic growth and if the downside risk actually materialises, in spite of liquidity, then you could, over time, have a correction in global equities.” - in First Post
Related: iShares MSCI Emerging Markets ETF (EEM), SPDR SP 500 ETF (NYSE: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.