Enlightening new interview with Nouriel Roubini from this morning, Bloomberg

[Mike 03]

Roubini often has many fascinating insights into the deeper significance of this economic crisis.

Among some of the topics discussed in this interviews:

Can the Fed's "exit strategy" work? Can we avoid deflation?

What will be the impact of emerging Europe's (i.e., Latvia, etc...) escalating crisis on the banks of industrialized Europe?

Eventually we will have to either take a chainsaw to our national spending or raise taxes; there is no other choice, in his view. What will be the repercussions? We don't want to "end up like Japan."

He predicts the average U.S. household will be saving 11% by year's end. He discusses the "Paradox of Thrift," and how our increased savings rates, although a good thing, will deepen and lengthen the recession.

And much more:

This is the entire interview with all of the commercials and news updates omitted:

http://www.youtube.com/watch?v=EjielL-z9o4&feature=channel_page

[Mike 03]

1. Kick, just in case anybody is interested. NT/