State and local debt problems are not systemic in nature, and will not infect the financial system, though they will dampen economic recovery, David Nowakowski, the credit- strategy director at Roubini Global Economics LLC in New York, and Prajakta Bhide, an analyst, said in a report this week.
Date: Mar 02, 2011
Category: Business
Source: Google
Nouriel Roubini's Firm Says Muni Defaults Could Reach $100 Billion
The report was written by RGE analysts David Nowakowski and Prajakta Bhide. They suggest that the problems are not "systemic," will not "infect the financial system," and that defaults "will continue to be isolated events," according to the Wall Street Journal.
Date: Mar 02, 2011
Category: Business
Source: Google
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