Wednesday, June 11, 2014

Nouriel Roubini: There’s ‘schizophrenia’ between what stock and bond markets tell you

U.S. stocks and bonds have been giving different signals about the economy in what’s turning out to be a bit of “schizophrenia” for weary investors, according to renowned economist Nouriel Roubini.
Stocks have been plodding higher in 2014, even after a momentous rally last year, suggesting a positive outlook on economy and corporate health. The Dow Jones Industrial Average DJIA +0.02% is poised to cross 17,000 if stocks continue their run. Meanwhile, bond yields have fallen sharply for much of the year, defying the expectations of most investors, who expected interest rates to rise as the economy improved.
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 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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