Tuesday, September 24, 2013

Roubini : Time to Buy Stocks

”You probably want to be underweight in bonds, and overweight in equities, mainly in the US,” Professor Roubini told attendees at IndexUniverse’s Inside Commodities conference on September 23, 2013.
“Higher interest rates will be a negative for commodities prices.”“The fiscal problems in the US are severe, but on a relative basis, they’re not as severe as in Japan, the euro zone and the UK,” he addded.
“The Fed will exit the zero-interest-rate policy faster than the BOJ, BOE and ECB [Bank of Japan, Bank of England and European Central Bank], and the dollar will strengthen.”“The model of growth is unsustainable ... [but China will become] more consumption-oriented and less resource-oriented.”

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