Nouriel Roubini, professor at NYU, on whether US stocks are overvalued

Name: Nouriel Roubini, professor at NYU, on whether US stocks are overvalued
Uploaded: 2008-05-25T16:59:59.000Z
Duration: PTNaNMNaNS
Channel: Financial Times
Description: believes the US stock market could see significant downward pressure

Nouriel Roubini, professor at New York University and chairman of RGE Monitor, says US equities do not look overvalued if a six-month recession is expected. However, as he expects a 12- to 18-month recession, he expects "significant downward pressure on stock prices". Dr Roubini thinks the US can avoid a Japanese-style recession due to the policy response.

May 25, 2008