Mar 7, 2012

Oil Price Spike Could Push World Economy Into Stagflation

Excerpt from BBC blog -- "Nouriel Roubini thinks the oil price spike out of the Arab revolts could push the world economy into stagflation. There is also the risk that currency war breaks out into open trade war." - in NYU Stern website

Related, United States Oil Fund (USO)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.