The market is too pessimistic, “Dr. Ruvini” denies a hard landing
2024/8/7 23:19 JST (some excerpts)
There is evidence of an economic slowdown, but the economy is rather strong - Roubini
Stock market recession prediction, hit rate is around 30% - Mr. Roubini
Famous economist Nuriel Roubini pointed out that the market incorporates aggressive interest rate cuts from the view that the US economy is heading for a hard landing, but it has become too pessimistic.
Mr. Roubini, who warned of the 2008 financial crisis in advance and takes the nickname “Doctor Doom (Doctor Doom),” said, “There is some serious evidence of an economic slowdown, but I don't think the data suggests a hard landing in the near future. If anything, the economy is strong,” he said in an interview with Bloomberg Television.
There is evidence of an economic slowdown, but the economy is rather strong - Roubini
Stock market recession prediction, hit rate is around 30% - Mr. Roubini
Famous economist Nuriel Roubini pointed out that the market incorporates aggressive interest rate cuts from the view that the US economy is heading for a hard landing, but it has become too pessimistic.
Mr. Roubini, who warned of the 2008 financial crisis in advance and takes the nickname “Doctor Doom (Doctor Doom),” said, “There is some serious evidence of an economic slowdown, but I don't think the data suggests a hard landing in the near future. If anything, the economy is strong,” he said in an interview with Bloomberg Television.
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