Not exact matches
Nouriel Roubini, one of a handful of economists said to have foreseen the
financial crisis, counts 10 things that could cause trouble, if they aren't doing so already, including the bursting of asset - price
bubbles, unusually weak business investment, and
extreme income inequality.
First, regardless of short - term speculation, the present yield - seeking speculative
extreme is likely to be seen in hindsight as one of the three most reckless
financial bubbles in U.S. history, on par with the 1929 and 2000
extremes.
Admittedly the heads of the world economy are also becoming worried as they take stock of the situation, and face up particularly to the presence of the Asian tigers, the irrational growth of the
financial bubble and the
extreme poverty in the world.
These loans caused the
extreme bubble and the ensuing crash in the
financial markets — precisely why many of these loans are illegal today.