Roubini Scoffs At Green Shoots, Sees Dangerous Complacency

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Roubini spoke at some conference somewhere (see this Bloomberg video: Roubini Dismisses ‘Green Shoots,’ Sees ‘Complacency’).  He’s still singing the same song he was a month ago:

  • Those aren’t “green shoots”–they’re yellow weeds
  • The crisis isn’t over, and everyone has become way too complacent
  • We’ll be in recession for another 6-9 months
  • The recovery after that will be weak
  • Big risk of a double-dip
  • Households aren’t deleveraging
  • Oil could go to $200 just as economy starts to recover
  • Real interest rates could spike, killing housing, etc.
  • Concern about hyper-inflation
  • All this could lead to “perfect storm” that will clip wings of economic and financial recovery
  • So we need to stay focused on averting disaster before we redesign regulatory architecture.

See Also:
Roubini: You’re All Fools
Cramer Accuses Roubini Of Being In Bed With Shortsellers

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