Roubini Bets On QE3
Last week Nouriel Roubini, known as Dr. Doom for his gloomy outlook on the global economy , made a comment concerning the rumored third round of quantitative easing. Roubini commented that if Friday’s job numbers were positive, then the Fed would be able to wait, but weakness would mean QE 3 by December if not earlier. Though the unemployment rate dropped to 8.1%, it was because of a dip in the labor force, not because of any meaningful gain in jobs , pointing to more weakness in the American economy. By Roubini’s standards, that would mean that QE 3 may be hitting the markets sooner rather than later [for more economic news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: What Are the Most Popular Commodity ETFs? Gold, Oil Hinge on ECB Meeting Top 100 Options Trading Blogs Four Insanely Bold Predictions About the Commodity Industry Is Gold Still A Safe Haven?
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