Jan 16, 2013

The United States Has Significant Fiscal, Growth And Unemployment Problems

"In absolute terms, the United States has significant fiscal, growth and unemployment problems. 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."- in a Reuters conference in New York on Monday

Related: SPDR SP 500 ETF (NYSE:SPY), iShares Lehman 7-10 Yr Treas. Bond ETF (IEF)

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.