Thursday, December 29, 2016

Roubini: Central Banks running out of Bullets

Roubini, who is known as Dr. Doom, said he has always been a realist who looks at the upside and tail risks to the market and economy. And he thinks the biggest tail risk is a Donald Trump presidency because it will lead to significant policy, political and geopolitical uncertainties. He also doesn't think the Federal Reserve will hike interest rates at its September meeting later this week. "There's no reason to do so. The economy is still having mixed data," Roubini said. "You don't want also to rattle the markets right before the election."

 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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