Dr. Doomsday Roubini renews call to short U.S. stocks, but the market is untroubled?
Stockbuster
2023-09-20 18:37:08
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New York University professor Roubini, who has always been known for his pessimistic comments, has come out to speak out again, and this time, he has warned the market that he will make a big move to short U.S. stocks。Roubini gave a number of reasons for the decline in U.S. stocks, but the most central one was "inflation."。Roubini estimates that high oil prices will raise inflation levels for some time。If inflation is too high, the Fed and other central banks will have to continue raising interest rates, hitting the market.。Roubini says U.S. stocks will fall another 10% during the year under the central bank's blow。In addition, Roubini also cited a number of risks that could lead to a downturn in the U.S. economy, including lagging monetary policy and credit risk, and said these risks could hit the U.S. economy as it recovers and drag down U.S. stocks.。Unlike in the past, Roubini's prediction does not seem to have made any waves in the market because the accuracy of the Doomsday Doctor's prediction has been compromised in the recent past.。In July last year, Roubini had confidently predicted that it would be difficult for the U.S. economy to achieve a soft landing, but the situation is clearly much better than he expected, the U.S. economy is not as he expected to be hit by the harsh inflation management, the S & P 500 index has risen more than 16% this year。Faced with this miscalculation, the Doomsday Doctor was slow to admit his mistake。He said that although the United States does not appear to have a real hard landing, but there may still be a so-called "bump landing."。The so-called "bumpy landing" refers to a brief and slight recession in the United States.。Anyway, it's impossible to admit your mistake, but from a "hard landing" to a "bumpy landing," this wave of shifting is for Roubini to play with.。
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