Nouriel Roubini
Nouriel Roubini: Dr doom, warning
Dr Roubini, a Professor of Economics at New York University's Stern School of Business who warned of looming financial disaster in 2006, also warned that commodity markets will fall as the slow pace of recovery disappoints investors.
Many stock markets have enjoyed their best-ever half-year rises as fears of a global depression have rapidly lifted. The FTSE All-World index at its best was recently up nearly 70% from the bottom. Emerging markets have risen more than 90%
'Eventually markets are going to flatten out and correct to valuations that are justified. I see a growing gap between what markets are doing and the weaker real economic activities Read more...
Categories: Uncategorized Tags: dr doom, ftse, roubini