Says ‘Dr Doom’ Nouriel Roubini…
“In absolute terms, the United States has significant fiscal, growth and unemployment problems,” he said at a Reuters conference in New York on Monday. “[But] paradoxically, if we don’t reach an agreement in March on the fiscal debt ceiling and we get another downgrade, yields are going to fall, they’re not going to go up. Everywhere else, if a country gets a downgrade, the yields go up, in the U.S. it is the opposite.”
Full article here (CNBC)
