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Sorry for the bad news but Nouriel Roubini’s forecast is in lock step with Goldman Sachs Tier-1 risk capital strategy, I had reported in my previous post And Goldman Sachs Does It AgainBloomberg reports:

Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling “huge” bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini.

“We have the mother of all carry trades,” Roubini, who predicted the banking crisis that spurred more than $1.6 trillion of asset writedowns and credit losses at financial companies worldwide since 2007, said via satellite to a conference in Cape Town, South Africa. “Everybody’s playing the same game and this game is becoming dangerous.”

What we are missing is a concerted bipartisan public-private initiative to create jobs and get the economy rolling.  The easy part is to put our politics aside and do that. The difficult part is to get everyones’ agendas aligned to get job growth humming again.

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Disclosure: I’m a capitalist too, and my musings & opinions on this blog are for informational/educational purposes and part of my efforts to learn from the mistakes of other people. Hope you do, too. These musings are not to be taken as financial advise, and are based on data that is assumed to be correct. Therefore, my opinions are subject to change without notice. This blog is not intended to either negate or advocate any persons, entity, product, services or political position.
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