I Am Dr. Realist (Interview with Dr. Roubini)
article I am Dr. Realist
, Dr. Roubini expresses his opinion about the future economy.
.....The periods of high growth in the United States in the last 25 years have been characterized by an asset and credit bubble. Whatever the future growth is going to be, this time around it needs to be sustainable and not bubble-prone because we are running out of bubbles to create. We had the real-estate [bubble], tech bubble, housing bubble, hedge-fund bubble, private-equity bubble, commodities bubble, even the art bubble—and they are all bursting....