• 21 Jan 2010 at 11:45 AM

Nouriel Roubini Still Gloomy

By Dealbreaker

nourielroubinirussellsimons.jpgOur favorite gloom-and-doomer, Nouriel Roubini, found some time between partying in St. Barth’s and pumping iron to let the world know that by the second half of the year, things might get really ugly.

“If I’m correct, by the second half of the year there’s going to be a slowdown of growth in the US, Europe and Japan. That could be the beginning of a market correction because the macroeconomic news is going to surprise on the downside.”


Speaking at a conference in Hong Kong, Da Roub said that the global stock rally in stocks may end amid a muted recovery in the world’s largest economies and as deflationary pressures limit gains in corporate earnings. “Even the earnings news is going to surprise on the downside.”
But hey, don’t get mad at him, he’s just the bearer of bad news. Blame all that on the Chinese, because “they unleashed a bit of a monster,” he said in a CNBC interview this morning. “They have to constrain it,” he said, explaining that some of the stimulus measures used by China were excessive, showing the beginnings of an overheated economy.

Comments (14)

  1. 1
    Posted by guest | January 21, 2010 at 7:54 AM

    whoa, whoa, whoa, you mean that after a year of going straight up, the market is going to correct? And that it may happen around Q3? Shocking, simply shocking, please nostradamus, please, take a moment away from banging coeds to share more of this incredible future vision with us…could a per chance buy some more copies of you book? My God, what wonders may lie ahead, you truly are the king of kings….

  2. 2
    Posted by guest | January 21, 2010 at 7:55 AM

    whoa, whoa, whoa, you mean that after a year of going straight up, the market is going to correct? And that it may happen around Q3? Shocking, simply shocking, please nostradamus, please, take a moment away from banging coeds to share more of this incredible future vision with us…could I per chance buy some more copies of you book? My God, what wonders may lie ahead, you truly are the king of kings….

  3. 3
    Posted by guest | January 21, 2010 at 7:59 AM

    well, hell. i've got vaginas on my wall telling my all sorts of things…
    nr

  4. 4
    Posted by guest | January 21, 2010 at 8:01 AM

    me dammit. me.

  5. 5
    Posted by guest | January 21, 2010 at 8:02 AM

    me dammit. me!
    nr

  6. 6
    Posted by guest | January 21, 2010 at 8:11 AM

    Obama looks silly in a yankees cap.

  7. 7
    Posted by guest | January 21, 2010 at 8:17 AM

    @7 Err. That's Tiger after the disfigurement.

  8. 8
    Posted by guest | January 21, 2010 at 8:28 AM

    @8, everytime someone here says Tiger, this is what I picture:
    http://assets.nydailynews.com/img/2007/12/08/alg_...
    -Philhemina

  9. 9
    Posted by guest | January 21, 2010 at 8:30 AM

    bess, why no story about the obama tradin' hatin'

  10. 10
    Posted by guest | January 21, 2010 at 8:34 AM

    That's not Obama or Tiger – it's Joe Dimaggio in blackface.

  11. 11
    Posted by guest | January 21, 2010 at 8:44 AM

    I never thought of it before but Dr. Doom wouldn't be a bad name for a rapper. Does Roubini have a rap video?

  12. 12
    Posted by Anal_yst | January 21, 2010 at 9:42 AM

    Yael, how do you pronounce your last name?

  13. 13
    Posted by guest | January 21, 2010 at 10:10 AM

    Yael, your last name is an anagram for "o, i bit u az!"
    nasty!

  14. 14
    Posted by guest | January 21, 2010 at 10:37 AM

    TTNGO

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