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Wednesday, November 04, 2009
Roubini: Global Markets Have Rallied Too Far, Too
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Markets, be they stocks, emerging markets, or commodities, have rallied too far, too fast because the global economy will experience an anemic recovery and not the hoped-for V-shaped recovery, New York University economist Nouriel Roubini said on Wednesday. Speaking at a commodities conference at the New York Stock Exchange, Roubini said "the party" can continue for another six months thanks to the effect of easy monetary policies and stimulus programs. But he warned it would eventually end badly as much of the rise in asset prices since March is yet another bubble fueled by a wall of global liquidity.
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