Economist Nouriel “Dr. Doom” Roubini is lauding the strength of the US economy despite the Federal Reserve’s tight monetary policies.
In a recent Bloomberg Television interview, Roubini says that the US continues to chug along while other major economies are starting to shrink.
“It has been surprising that given the amount of monetary tightening, some economies have been resilient. But the most resilient economy is the United States…
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The Eurozone is going towards a shallow recession… China is a structural problem. So you kind of generalize what’s happening right now in the global economy. The US is probably the brightest spot right now.”
As the US economy flexes its muscles, Roubini says it will likely drive the Fed to continue hiking interest rates. A growing
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