Nouriel Roubini, the NYU economics professor who has earned the nickname “Dr. Doom” for his predictions, says he’s concerned the tax cut compromise struck by President Obama and GOP leaders could expose the U.S. to bond vigilantes who will drive up bond yields, resulting in higher borrowing costs for the federal government.
Continue reading Tax Cut Compromise May Spur Bond Vigilantes Into Action
Tax Cut Compromise May Spur Bond Vigilantes Into Action originally appeared on DailyFinance on Wed, 08 Dec 2010 10:23:00.