Roubini: 'Mother of All Carry Trades'
For the second time in as many weeks, Nouriel Roubini cautioned that investors using cheap US dollars to embrace risk will quickly reverse course once the greenback strengthens.
"Eventually there's going to be an end to this carry trade. When that snapback of the dollar is going occur it's not going to be 2 percent or 3 percent, it's going to be more like 25 or 20 percent. And then everybody will have to close their shorts on the dollar, they'll have to sell these risky assets across the world and you could have this huge asset bubble going into an asset bust."
