Roubini Scoffs at Green Shoots, Sees Dangerous Complacency

From The Business Insider, June 8, 2009:

Roubini spoke at some conference somewhere. 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.

Comments

Popular posts from this blog

Do you want to get into Goldman Sachs?

Financial Advice for Fresh College Grads

Is Diversification A Strategy Of The Past?