Posted on 06/06/2010 2:49:52 PM PDT by blam
Roubini: Europe, You Have Zero Growth To Look Forward To
Gregory White
Jun. 6, 2010, 12:24 PM
Nouriel Roubini has issued a stark warning for the eurozone, calling for no growth in the region and perhaps even recession as it comes to grips with its various sovereign debt crises.
The real problem, according to Roubini, is a premature withdrawal from stimulus measures. That move, while motivated by a desire to curtail deficits, would also hurt growth and damage the recovery. Roubini said that the biggest threat from these measures would be Japanese-style deflation, not inflation.
The comments come just hours after the G20 decided to end coordinated global stimulus measures meant to prop up the world's economy, and instead focus on reducing deficits.
[snip]
(Excerpt) Read more at businessinsider.com ...
Paul Krugman: Lost Decade, Here We Come
Europe will have zero growth, except when it comes to the expansion of their Muslim population. Fun times!
We have hundreds of lost cities. Newark up north to Maine and as far west as Chicago. All with slowly, or not so slowly, declining house and commerical values, declining private jobs, increased welfare of all types. This has been going on for 30 years.
Now we have lost states. New York, Michigan, Ohio. They are not going to grow in wealth.
Roubini’s going Krugman on us?
Socialism.. never works.
I thought “zero growth” was what Europe wanted.
Solar energy like Obamanism/Communism only work, In theory.
mark for posterity.
But they’ll try it out again and again. And the social leeches will support it every time.
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