The Trapdoors at the Fed’s Exit (Nouriel Roubini, Project-Syndicate)

29.04.2013 14:48

The ongoing weakness of America’s economy – where deleveraging in the private and public sectors continues apace – has led to stubbornly high unemployment and sub-par growth. The effects of fiscal austerity – a sharp rise in taxes and a sharp fall in government spending since the beginning of the year – are undermining economic performance even more.

www.project-syndicate.org/commentary/the-federal-reserve-s-policy-dilemma-by-nouriel-roubini