"Outsiders" Economy Watch (8/22/2011): A Profound Question
The challenges of the current economic system around the world is something that has to be of concern all. As I have listened to this commentary and the comments by Nouriel Roubini, I can't help but agree with it:
Roubini is no socialist, communist leftie. He is an avid freemarketer and yet again has sounded the alarm. The current crop of people who are advocating cutbacks and advocating a certain point of view do not seem to realize that the wide grand canyon that exists is contributing to an aggregate demand problem that does not seem to be addressed. No one seems to want to take the leap of faith.
Roubini is no socialist, communist leftie. He is an avid freemarketer and yet again has sounded the alarm. The current crop of people who are advocating cutbacks and advocating a certain point of view do not seem to realize that the wide grand canyon that exists is contributing to an aggregate demand problem that does not seem to be addressed. No one seems to want to take the leap of faith.
Mike Pouraryan
