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Keyword: assetbust

'Mother of Carry Trades' Leading to 'Asset Bust': Roubini

11/04/2009 8:43:35 AM PST · by TigerLikesRooster · 15 replies · 709+ views
CNBC ^ | 11/04/09 | Jeff Cox

'Mother of Carry Trades' Leading to 'Asset Bust': Roubini Published: Wednesday, 4 Nov 2009 | 8:19 AM ET By: Jeff Cox CNBC.com The "mother of all carry trades" that Nouriel Roubini warned of recently is growing and threatening to cause a global implosion, the economist warned in a CNBC interview. For the second time in as many weeks, Roubini cautioned that investors using cheap US dollars to embrace risk will quickly reverse course once the greenback strengthens. But he intensified his prediction, saying that the likelihood of the Fed keeping interest rates low and thus weakening the dollar will prolong...

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