sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults : Nouriel Roubini
Paula Rabke
May 2, 2010

The thing I worry about is the buildup of sovereign debt...it will cause Government defaults or hyperinflation as Governments print money without any control or checks.

Almost $1 trillion of worldwide equity value was erased April 27 on concern that debt will spur defaults, derailing the global economy, data compiled by Bloomberg show. German Chancellor Angela Merkel and the International Monetary Fund pledged to step up efforts to overcome the Greek fiscal crisis, after bonds and stocks fell across Europe in the past week.

“Eventually, the fiscal problems of the U.S. will also come to the fore,” Roubini said during the panel discussion. “The risk of something serious happening in the U.S. in the next two or three years is going to be significant” because there’s “no willingness in Washington to do anything” unless forced by the bond markets.

sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults : Nouriel Roubini
Paula Rabke
The thing I worry about is the buildup of sovereign debt...it will cause Government defaults or hyperinflation as Governments print money without any control or checks.
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US Nonfarm payroll rises by 200,000 in April - the stimulus boom continues
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Payrolls rose by 200,000, the most in three years, after increasing by 162,000 in March.
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Did Goldman put its own interest and profit ahead of the interests of its clients?
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