Wednesday, May 19, 2010

Roubini Says U.S. May Face Bond ‘Vigilantes’ Within Three Years

The U.S. may fall victim to bond “vigilantes” targeting indebted nations from the U.K. to Japan in a potential second stage of the financial crisis, New York University professor Nouriel Roubini said, according to Bloomberg.

“Bond market vigilantes have already woken up in Greece, in Spain, in Portugal, in Ireland, in Iceland, and soon enough they could wake up in the U.K., in Japan, in the United States, if we keep on running very large fiscal deficits,” Roubini said at an event at the London School of Economics yesterday. “The chances are, they are going to wake up in the United States in the next three years and say, ‘this is unsustainable.’”


  1. Why do you quote this joker so often?

    He's such a hack.

  2. What is a 'bond vigilante?'

  3. 3 years huh....I'll add the after mention

    " If were Lucky ""