Nouriel Roubini: “The Mother of All Bubbles” Has Begun

From Yahoo: Two days of weakness in stocks after the Fed hinted it might “vary the pace of asset purchases” has some folks ready to declare the bull market over and done.

….Given this backdrop and with the economy facing myriad headwinds from the payroll tax hike, rising gasoline prices and the pending sequester it may come as a surprise that one notable guru is very bullish on financial assets, at least for the near term: Nouriel Roubini.

…Actually, Roubini predicts the coming (arguably ongoing) asset bubble is going to be “bigger than the one we had in 2003-06,” which is somewhat shocking given the massive excesses that occurred in that era, especially in housing and related finance.  Roubini’s rationale for “the mother of all asset bubbles,” is that Federal Reserve is going to be even more reluctant to pull back now vs. the prior cycle, when they executed a steady stream of 25 basis point rate hikes in 2004-2006.

Read all about it at http://finance.yahoo.com/blogs/daily-ticker/nouriel-roubini-bullish-now-mother-bubbles-begun-140143386.html