Monday, January 16, 2012

Not-so-cheery news from Dr. Doom

The December jobs report was encouraging.  The stock market has been doing well over the last 30 days.  Maybe the economy is finally turning the corner?

Not really, according to NYU Stern economist Nouriel Roubini, aka Dr. Doom.  He still sees consumers as being "income-challenged, wealth-challenged, and debt-constrained." On top of that, the federal fiscal stimulus is being dialed back and Europe is a ticking time bomb. 

No comments:

Post a Comment