Friday, January 17, 2014

Roubini: 2014 will be Another Disappointing Year for The U.S. Economy

Roubini says growth will pick up, but not enough to produce raises for average American workers. That will limit Americans' ability to shop and pay down debt, two things the economy needs for sustained growth. At the same time, corporate earnings are slowing. And while stocks aren't in a bubble, Roubini says they now look expensive. What's more, he says the U.S. may not get as much of a boost from its growing energy supply in 2014 as many think.
"The question is whether we have gotten to sustainable growth that is not based on bubbles," says Roubini. "Not yet." - via

 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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