Chairman of RGE Monitor quizzed by HardAssetsInvestor.com
In an interview with Lara Crigger, the associate editor of HardAssetsInvestor.com (Crigger), Nouriel Roubini, chairman of RGE Monitor said that the hike in commodity prices has been too much, too fast since the beginning of the year as compared to the improvement in economic fundamentals. He believed that while some of the increase was justified, the possible U-shaped recovery in global economy may weaken the demand for commodities. This could result in the correction in commodity prices in 2010, Mr Roubini added.
When Crigger quizzed Roubini on his views on the US and the possibility of the country regaining its competitive edge, the latter said that he was not bearish on the US economy in the medium and long term. Mr Roubini believed that the people of US needed to get their act together and work on improving their private and public savings.
Click here to read more on Mr Roubini’s interview.
