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Nouriel Roubini - Not Exactly Bullish, but Not Exactly Bearish Either

March 08, 2013 | About:

Roubini starts the interview by admitting that there are these good things going on in the America economy:

- Improved job market

- Improving housing market

- The benefits of the shale oil and gas revolution

That is quite a bit of optimism from "Dr. Doom!" However, he quickly turns negative listing the challenges also facing the American economy:

- Increased payroll taxes slowing consumption

- The sequester which will put a 1.5% drag on the economy

He obviously thinks the sequester is going to be a big drag and sees 1.5% as the rate of growth for the immediate future.

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Rating: 3.0/5 (4 votes)


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