Ben Rooney of Fortune snares an interview with noted bear Nouriel Roubini at Davos, whose current fame results from having correctly called the U.S. housing bubble in 2007.
Unfortunately, he's now been singing the same song longer than Ricky Martin and what's more, the "four bubbles" he shares with Rooney are pretty much the same four that Fortune's Shawn Tully wrote about on Monday and those were also fairly commonly identified.
He said asset bubbles are already beginning to form that could put the U.S. economy into a "double-dip" recession if regulators fail to impose even more strict regulations.
"There's a wall of liquidity chasing assets and some of those assets are oil, energy, food and gold," he said. While those prices have been supported by a gradual improvement in the global economy, he said that some of the increases have been "excessive."
He also observes that U.S. fiscal policy is bad, China is at risk of bubbles bursting and that we need to focus on deficit reduction "in the medium term."
Just because you're in Davos and you see someone you know from CNBC doesn't mean it needs to be in print. Really.
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