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.