Writes Kevin Duffy: While the good doctor at NYU’s Stern School of Business has long predicted a worsening condition for the patient, he has misdiagnosed the cause of the disease. His prescriptions, as laid out in a recent Forbes Asia column titled, “The New New Deal,” are downright frightening: Recently I suggested the need for a coordinated monetary policy rate cut. That cut arrived in early October, with the Fed, the European Central Bank and other central banks cutting their policy rates by 50 basis points (bps). The action is necessary, but only cosmetic, and it is too little, too … Continue reading The Trouble With Nouriel Roubini