In this Bloomberg Video, Roubini advocates bailing out big auto, government infrastructure projects and global bailouts to the max to fight deflation. The measures that this respected economist advocates are going to create a whopper of an inflation issue one day. But officialdom and the public are no longer concerned about such details, having done a 180 in just a few short months.All along I awaited the deflation 'impulse' or 'scare' and never did I imagine it would be quite this bad. But again I will tell you it IS scary and we DO need to protect ourselves from (and take advantage of - we heat by oil) price destruction in the heat of the event, but nothing has changed. One day the hysteria is going to be looked back upon as the opportunity of a lifetime. I am not talking about an opportunity to get rich. I am talking about an opportunity to protect oneself from ongoing, intensifying and systemic inflation.
Thanks again to Otto Rock for the Nouriel fright mask.
