Thursday, June 18, 2009

Green Shoots yellow weeds and Nouriel Roubini

Dr Doom Economist Nouriel Roubini, who predicted the financial crisis, discusses his views of how the economy, the housing market, interest rates and the dollar will fare in the future.
Nouriel Roubini Said "The crucial issue, however, is not when the global economy will bottom out, but whether the global recovery – whenever it comes – will be robust or weak over the medium term. One cannot rule out a couple of quarters of sharp GDP growth as the inventory cycle and the massive policy boost lead to a short-term revival. But those tentative green shoots that we hear so much about these days may well be overrun by yellow weeds even in the medium term, heralding a weak global recovery over the next two years."

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