Dr Doom Optimistic About US Economy

Nouriel Roubini may have made his name foretelling doom and gloom, but his tone has changed enough to reflect an improbable belief in a stronger U.S. economy.

In fact, the word “crisis” or any of its synonyms was missing almost entirely from a speech the head of Roubini Global Economics delivered Monday at IndexUniverse’s Inside Commodities conference.

Roubini did use the term “anemic” on multiple occasions to describe the global economic recovery.

But he maintained that the U.S. will be better positioned than most of its global competitors, leading to an appreciation in its currency, no bond market crash and only a gradual increase in interest rates.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza