Swiss policy makers are under increasing pressure to come up with a contingency plan to curb gains in the franc that would likely result from a fresh round of stimulus from the European Central Bank next month.
The euro had the biggest two-week decline against the dollar since November as increased concern that the area’s economy is struggling to accelerate sparked selloffs in bonds issued by Greece and Portugal.
A Greek default could trigger a global economic shock on the scale of that suffered after Lehman Brother Holdings Inc.’s 2008 failure, said Nouriel Roubini, chairman and co-founder of Roubini Global Economics LLC.
China’s efforts to prop up economic growth won’t help it escape the hard landing that will probably arrive in 2013 or 2014, said Nouriel Roubini, chairman and co- founder of Roubini Global Economics LLC.
The Obama administration’s latest economic proposals for infrastructure spending and tax relief for businesses won’t make a difference to the U.S. economy, said New York University Professor Nouriel Roubini .
Europe must raise the amount of funds it has earmarked to arrest its fiscal crisis and deploy a 2 trillion-euro ($2.7 trillion) “bazooka” before time runs out, said Nouriel Roubini, chairman of Roubini Global Economics LLC.