Friday, March 24, 2017

Roubini Warns : #Trump Stimulus to Wear Off Over the next 6 to 12 Months

"Over the next six to 12 months, maybe the positives are going to dominate because you have animal spirits, a build-up in consumer and business confidence, you'll have some policy action. The economy is growing, and hopefully, those positives are going to stay for a while," Dr. Roubini told CNBC.

"But the more there's going to trade friction, the more there will be restriction of migration, the more this stimulus is going to be excessive, forcing the Fed in a full-employment economy to tighten more and faster, the more some of these negatives start to affect markets and economic growth over time," Roubini added.

 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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