Roubini: 1.5% US Growth + Global Slowdown = Market Vulnerable (CNBC)
7/01/2010 02:28:00 AM
Nouriel Roubini (Roubini Global Economics) was on Kudlow's show on 6/28. He expects slower economic growth (1.5%) in the second half of the year, not a double dip recession but will feel like one. Regarding the stock market, Roubini believes the economic slow down in the US and abroad [Eurozone double dip likely, Japan falling off cliff, evidence of slowdown in China] will be negative for earnings and the stock market. "Half of US profits come from abroad". So WHEN will the slowdown be priced in.