Friday, September 23, 2016
Nouriel Roubini : No Assets Bubble
Roubini on interest rates, US election
Nouriel Roubini, the economist who correctly predicted the 2008 stock market crash, spoke at length with CNBC on the potential risks of asset bubbles given the massive amounts of monetary stimulus that have been injected into the system by central banks around the globe. "I don't think we are in a bubble right now, but if you look at the price of many assets, they look kind of expensive," said Roubini, pointing to the levels of public and private equity, credit markets and real estate. "Across the board I don't see a bubble, but I see certainly some frothiness."
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics