Dr Doom Optimistic About US Economy

Nouriel Roubini may have made his name foretelling doom and gloom, but his tone has changed enough to reflect an improbable belief in a stronger U.S. economy.

In fact, the word “crisis” or any of its synonyms was missing almost entirely from a speech the head of Roubini Global Economics delivered Monday at IndexUniverse’s Inside Commodities conference.

Roubini did use the term “anemic” on multiple occasions to describe the global economic recovery.

But he maintained that the U.S. will be better positioned than most of its global competitors, leading to an appreciation in its currency, no bond market crash and only a gradual increase in interest rates.

via CNBC

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