Saturday, May 11, 2013

Why Roubini likes Stocks, for now

....The U.S. economy isn't accelerating. European countries are either stuck in recessions or depressions. China, Brazil, and other emerging market economies are slowing. What's more, corporate profit margins are at an all-time high. Roubini said that is likely to revert to normal soon, taking bottom lines down with it.Markets look happy, but what is going on in the general economy is not," says Roubini. "We are stuck in a two-year boom and bust cycle. That's what I am most worried about." - in CNN money
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