Want to know why we're still in a recession? Here's economist Nouriel Roubini:
Translated from the econospeak, all the money from the Federal Reserve is being gobbled up and used by the wrong people (the banksters) for the wrong reasons (debt driven bets). Ordinary Americans are being cut out of the low interest rate gravy train because banks are hoarding the money to create excess reserves.
Pretty simple.
- Mark
The problem is that the Fed’s liquidity injections are not creating credit for the real economy, but rather boosting leverage and risk-taking in financial markets.
Translated from the econospeak, all the money from the Federal Reserve is being gobbled up and used by the wrong people (the banksters) for the wrong reasons (debt driven bets). Ordinary Americans are being cut out of the low interest rate gravy train because banks are hoarding the money to create excess reserves.
Pretty simple.
- Mark
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