Sunday, August 16, 2009

Nouriel Roubini Recession to end by December but market may correct

Recession to end by December but market may correct Nouriel Roubini

Nouriel Roubini also named Dr Doom for accurately forecasting the financial crisis before it happened , said that the risk of the US economy slipping into a near depression had been eliminated due to the massive fiscal stimulation by the government.

“However, we are already now in the 20th month of this severe recession, the worse we have had since the last 60 years. It’s going to be over by December I believe, exactly 24 months as I had said long before.” Roubini said
"asset prices would have gone higher had there not been a significant rally due to the avoidance of the depression, lesser risk aversion and improvement in the global economic outlook". “The question is whether we are going to eye too much too soon, too fast compared to the improvement of the economic fundamentals and in my view there is a risk of a correction.” Nouriel added

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