Nouriel Roubini & Peter Schiff & Marc Faber: We’re On The Verge of A Bubble Bigger Than 2007, It’s Going To Hit The Fan During Obama’s Second Term, Revolution or Significant Social Upheaval Inevitable.
February 22nd, 2013
ROUBINI: ‘Short-Term Bullish, Long-Term Catastrophe’
NYU economist Nouriel Roubini – known to many by his nickname, “Dr. Doom” – is getting bullish.
Roubini has been pretty negative over the past few months, despite the rally in asset prices and a general turn in sentiment toward the economy and markets on the Street.
Now, it seems like Roubini is finally coming around to the consensus view. In a way.
Coincidentally, his latest interview – with Yahoo! Finance’s Aaron Task – comes hot on the heels of the biggest sell-off this year, and as Task notes, people like Dennis Gartman are now rushing for the sidelines.
The bottom line for Roubini: “The outcome of it could be a credit bubble that’s bigger than the one we had in 2007.”