Stock market prices will continue to rise for the next two
years until the wealth gap between Wall Street and Main Street gets too high and reality
sets in, economist Nouriel Roubini told CNBC.
Worry about the Federal Reserve backing off its historically
unprecedented monetary easing is premature, Roubini said, as economic growth is
too tenuous and the market too dependent on the $85 billion in monthly asset
purchases from the central bank.
"Growth is not going to pick up and inflation actually
is falling," the head of Roubini Global Economics and noted "Dr.
Doom" told "Closing Bell." "So the markets are worried
about tapering off sooner, but I think tapering off is going to occur later and
therefore the market is going to rally."
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