The First Collection of the Big Bears’ Thought
I just created two posting categories, the Bull Thoughts and the Bear Thoughts to collect the thoughts of different authorities. Here is the first one and it is a bear one.
More Pain Ahead For US Economy
A rebound in key U.S. economic indicators masks an underlying malaise that will likely hamstring growth for many years and keep housing and banks in a rut, several top economists said Monday.
Nouriel Roubini, president of RGE Monitor, said a recovery in risk assets like stocks and emerging markets would not last, since it had been based on unrealistic expectations for a global economic rebound. “I see subpar, anemic, below-trend growth for the next couple of years,” Roubini said on a panel sponsored by Time Warner.
Housing expert and MIT Professor Robert Shiller was equally pessimistic, saying, with regards to the four-year housing downturn: “This thing is not over yet.”
Banking analyst Meredith Whitney said she was even more bearish than her fellow panelists, saying that better bank earnings would eventually be challenged by the toxic assets on their balance sheets.
Related posts:
 |
 Digg |
 Stumbleupon |
 Del.icio.us |
 Reddit |
 Technorati |
 |
No comments yet.