The mother of all carry trades faces an inevitable bust, Nouriel Roubini, chairman of RGEMonitor.com, told CNBC.
Roubini on Carry Trade
5 Responses for “Roubini on Carry Trade”
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This interview was from before Greece’s debt was exposed.
I think it’ll be closer to 12 months, or even beyond, as they showcase weaknesses in the Euro. It doesn’t change a thing. Just delays the inevitable.
But it does give those of us in the know some time to accumulate more physical, real wealth and ditch the luxury toilet paper.
I agree with the next round of carry trade unwinding. The DJI will drop at the same time. He said 6 to 12 months,. Its now the end of April so its not too far away.
Who cares?…
Blah Blah Blah,… you can’t win folks.
Wall Street is rigged and a fraud.
Govt economic data is a fraud.
Bernanke, Geitner, Roubini all frauds.
Cnbc is a fraud.
Stay away don’t get screwed.
Stick to something that is real, take delivery
and ownership of silver and gold bullion.
Guard it well, keep it in the family.
Peace.
The world taxpayer!
whos gonna save the world this time?