News

“Main Street Is Struggling Severely” – Nouriel Roubini Warns Wall Street Euphoria Ignores Main Street Crash

Speaking on Bloomberg Television Friday, Nouriel Roubini warned the stock market is completely disconnected from the dire economic outlook of a waning recovery amid continued depressionary pressures. 

Roubini told “Bloomberg Surveillance” the global economy is slowing, and another downturn could be ahead if a vaccine is not found in short order. 

He said the shape of the recovery is transforming from a “V” and is “becoming a U and the U could become a W if we don’t find a vaccine and don’t have enough stimulus.”

Roubini, the chief executive of Roubini Macro Associates Inc., said the recovery on Wall Street doesn’t reflect the real economy:

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s