Roubini Bullish on The US in The Long Run

Nouriel Roubini : “In the long term, I think that the fundamentals of the U.S. are a lot stronger than other advanced countries,” “In the short run, I think we will have another year of very anemic economic growth. Next year we will have barely 1.7% including a modest amount of fiscal drag and lots of tail risk could make it worse in the U.S — bigger fiscal cliff, the euro-zone crisis, a Chinese hard landing, maybe tensions will raise oil prices in the Middle East — so the downside scenario is actually having a meaningful probability.”