Roubini: The Stress Tests Weren't Strong Enough, And Growth Will Be Miserable For 2-3 Years

Nouriel Roubini

Heads up to fans of Dr. Doom.

Nouriel Roubini is on Squawk Box this morning, talking Europe, the US economy, and the rest of the news.

A few points:

  • Of course the stress tests weren’t stressful enough.
  • Q2 GDP growth will come in at 2%.
  • El-Erian’s “new normal” is right, and US growth will be sluggish for years.
  • Nominal unemployment will be around 9% in about 6-9 months.

We shall update as warranted.

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