Economist warns of president's financial 'bubble'

From WorldNetDaily

By Jerome R. Corsi Posted: November 02, 2009 ~ 10:26 pm Eastern © 2009 WorldNetDaily While President Obama declared today from the White House that his goal was to create "post-bubble" growth in the U.S. economy, a top economist at New York University published an article in the Financial Times charging that under Obama the Federal Reserve is creating one of the greatest economic bubbles in financial history. NYU economist Nouriel Roubini argued in the newspaper that by keeping federal fund interest rates at zero, Federal Reserve Chairman Ben Bernanke is stimulating a historic stock market rise that is being fueled by money investment managers borrowing from the federal government. Roubini warned that the dollar has become the "mother of all carry trades" and that it faces "an inevitable bust" that will cause asset prices to plummet in what will amount to a global stock market crash of historic proportions. A currency is defined as being involved in a "carry trade" when the currency can be borrowed at relatively low cost and invested for what appears to be a certain or "locked-in" gain. [CLICK HERE TO READ MORE]