16 May 2013|
Economist Dr. Nouriei Roubini (otherwise known as Dr. Doom) is a “glass half-empty” guy. My guess is he’s not much fun at dinner parties, particularly when asked his views on stocks, bonds, the economy.
There are occasions, though, when a gloomy disposition pays off - like when Roubini correctly called the housing market collapse and subsequent recession in 2008.
Today, Roubini is bearish on Europe, siting a confluence of what he terms “austerity fatigue” (Greece, Ireland, Portugal, Spain, et al.) and “bailout fatigue” (Germany). He is not terribly bullish on the US either, arguing the sequester and tax increases have been a massive drag on growth.
Speaking at a recent conference, Roubini’s current views (not ours, mind you) are summarized in Four Reasons Investors Should be Worried.