Either hell hath frozen over, or Nouriel Roubini has a sunnier disposition after spending time with all those supermodels in his (recently closed) rooftop hot tub.
CNBC reports on comments Roubini made at IndexUniverse’s Inside Commodities conference on Monday.
Although he used the term “anemic” several times to describe the global economic recovery, “the word “crisis” or any of its synonyms was missing almost entirely from the speech,” the network reports.
It adds that he maintained 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.
“The dollar is likely to become stronger rather than weaker,” Roubini said. “The thing about the U.S. compared to other advanced economies…the fundamentals for the U.S. are much better.”
Among the advantages he cited, CNBC said, are “growth in productivity and technology as well as continued easy money policies from the Federal Reserve,” even though Roubini sees the Fed cutting back on its quantitative easing soon and raising rates by 2015.