Uh-oh! Roubini isn't sounding a little... positive. He was
on Bloomberg Surveillance today. This partial transcript was provided to us by
Bloomberg:
Roubini on whether he's bullish on the United States:
"In the long term, I think that the fundamentals of the
U.S. are a lot stronger than other advanced countries. In the short run I think
we will have another year of very anemic economic growth. Next year we will
have barely 1.7% including a modest amount of fiscal drag and lots of tail risk
could make it worse in the U.S--bigger fiscal cliff, the euro zone crisis, a
Chinese hard landing, maybe tensions will raise oil prices in the Middle
East--so the downside scenario is actually having a meaningful
probability."
Read more:
http://www.businessinsider.com/roubini-on-the-housing-recovery-2012-12#ixzz2F3FoxMAA
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