tag:blogger.com,1999:blog-1527766217650773141.post8537220484192290551..comments2023-07-12T06:12:30.772-07:00Comments on Demand Side Transcript: Transcript: Relay 431C Nouriel RoubiniAlanhttp://www.blogger.com/profile/07323700324276425194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1527766217650773141.post-80341284207579030522011-03-28T13:14:07.254-07:002011-03-28T13:14:07.254-07:00I am less optimistic about the US. Many of the pro...I am less optimistic about the US. Many of the problems have been kicked down the road. The banks are still very weak and we now have multiple sovereign debt crises to come. Real estate is close to the bottom, but if the US undergoes austerity then all bets are off and it could overshoot and wipe out many more banks. Much of the actions by governments have been to patch up the cracks without any reforms to eliminate the problems in future. So now we have weaker governments unable to protect the banks in future.David Lazarusnoreply@blogger.com