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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy	6/8/2009 11:13:35 AM
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Roubini Scoffs at Green Shoots, Sees Dangerous Complacency Roubini spoke at some conference somewhere (see this Bloomberg video: Roubini Dismisses `Green Shoots,' Sees `Complacency'). He's still singing the same song he was a month ago: Those aren't "green shoots"--they're yellow weeds The crisis isn't over, and everyone has become way too complacent We'll be in recession for another 6-9 months The recovery after that will be weak Big risk of a double-dip Households aren't deleveraging Oil could go to $200 just as economy starts to recover Real interest rates could spike, killing housing, etc. Concern about hyper-inflation All this could lead to "perfect storm" that will clip wings of economic and financial recovery So we need to stay focused on averting disaster before we redesign regulatory architecture. See also from The Business Insider: Roubini: You're All Fools Cramer Accuses Roubini Of Being In Bed With Shortsellers

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