Monday, August 24, 2009



Roubini said another reason to worry is that energy, food and oil prices are rising faster than fundamentals warrant, and could be driven higher by speculation or if excessive liquidity creates artificially high demand.

He said the global economy "could not withstand another contractionary shock" if speculation drives oil rapidly toward US$100 per barrel. U.S. crude oil futures traded Friday at about US$73.83.

Roubini said the anemic growth he expects would follow a couple of quarters of rapid growth, as inventories and production levels recover from near-depression levels.






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