Receive these posts via Email

Tuesday, May 22, 2012

Roubini : The US Stock Market to remain Flat for the rest of the Year

ROUBINI: WELL, THERE IS A REASON THERE'S BEEN A GLOBAL ECONOMIC RECOVERY FOR THE LAST THREE YEARS. ECONOMIC RECOVERY FINANCIAL MARKET RECOVERY, EARNINGS RECOVERY. AS I SAID, FOR THE REST OF THE YEAR, I EXPECT THAT ALL THE POLICY MAKERS ARE GOING TO KICK THE CAN DOWN THE ROAD. IN THE EUROZONE, IN THE UNITED STATES, AND CHINA THE TROUBLE IS GOING TO OCCUR BY NEXT YEAR WHERE WE CANNOT KICK THE CAN DOWN THE ROAD IN THE EUROZONE, EVEN THE U.S. WITH THE FISCAL DRIVE, EVEN IN CHINA WITH THE POLITICAL TRANSITION, REQUIRES A CHANGE OF ECONOMIC POLICY. THEREFORE, TIMING IS IMPORTANT. RIGHT NOW I DON'T SEE THE MARKETS FALLING SHARPLY I SEE THE U.S. STOCK MARKET BEING FLAT FOR THE REST OF THE YEAR. AND THEREFORE I HAVE THAT POSITION. - in CNBC
NOURIEL ROUBINI BLOG