Roubini Sees Significant Chance of ‘No Landing’ for US Economy
- Brisk growth may mean fewer Fed rate cuts, hurting stocks
- Economist is known for his bearish views ahead of 2008 crisis
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Nouriel Roubini, the economist known for his bearish outlook ahead of the 2008 global financial crisis, expressed optimism that US growth will remain brisk this year — though that might be a negative for stocks.
Roubini said Monday that he’s less worried these days that the US economy will slide into a recession and that he also sees diminishing chances of a so-called “soft landing,” where growth and inflation cool without a downturn.