(GuruFocus, October 5, 2009) In this morning’s CNBC interview, Nouriel Roubini (“Dr. Doom”) laid out his arguments for a “U”-shaped recovery instead of a quick snap back “V”:
Roubini also provide some other economic and investment insights, particularly, he thinks the stock market has risen too far, too soon, too fast.
No wonder he is called "Dr. Doom".
Watch the video:
Watch this one from Bloomberg, in which Nouriel Roubini essentially said the same thing.
1. The labor market is in bad shape that that is going to restrain consumption.
2. Consumers are consuming less and saving more, causing the growth to be nemic.
3. There is plenty of unused capacity (69% utilization rate), why should one invest more?
4. Banks are damaged so they are not lending more.
5. Much of the stimulus will be dried up next year.
6. Demand from countries like China are not making up for the loss of demand in the US, therefore the recovery will be weak.
Roubini also provide some other economic and investment insights, particularly, he thinks the stock market has risen too far, too soon, too fast.
No wonder he is called "Dr. Doom".
Watch the video:
Watch this one from Bloomberg, in which Nouriel Roubini essentially said the same thing.
