- Global synchronized economic recovery taking place (U.S this summer)
- Consumer will stabilize
- Employment will improve 2nd half 2010
- Businesses will rebuild inventory, areas of underinvestment
- Attractive rates for businesses to lever up again
- Will either buy companies, stock or invest in capital (expand)
- Unanticipated wave of innovation will drive both consumer and business spending
- 2009 S&P Target 1,100
Roubini has the exact opposite view. He still sees unemployment, massive output gaps and price cuts needed to sell excess inventories (deflationary pressures). Here is Roubini's interview from Reuters.
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