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Nouriel Roubini Thinks Commodity Prices Could Disappoint

By on August 6, 2009

Nouriel Roubini believes the economy will be anemic through the rest of the year and stated there was a risk of a double-dip recession. He indicated the risk from higher interest rates was significant and he was cautious of the prospects for the US. Roubini said China may have overstocked commodities and weak growth outside of public expenditures could slow their usage. However, he stated that China and India would eventually lead the world out of the current slump because they are not over-leveraged.

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