Nouriel Roubini: U.S. and global equities could drop by another 15 to 20 %

Professor Nouriel Roubini, who predicted the global financial crisis, said in an interview with Bloomberg television on December 12, shares worldwide may fall further. “I’m still quite bearish on U.S. and global equities, they’ve fallen a lot, but they might surprise on the downside. U.S. and global equities could be 15 to 20 percent lower before they start to recover towards the end of next year,” he said.


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Sources :

Bloomberg: Roubini Says U.S., Global Stocks May Drop 20% Before Recovering, December 12, 2008 11:12 EST

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