US economist Nouriel Roubini delivers a speech at the Swiss Economic Forum. (AP Photo/Keystone, Peter Schneider)
The economy isn't strong enough to stand on its own two feet, and the assistance provided by the Federal Reserve is beginning to create bubbles, says New York University economist Nouriel Roubini. He cited "frothiness" in housing, junk bonds and potentially bitcoins, according to Fortune. The situation could play out into a financial crisis in the next two to three years, he says. "The question is whether we have gotten to sustainable growth that is not based on bubbles," he said. "Not yet." [Full Story]
The economy isn't strong enough to stand on its own two feet, and the assistance provided by the Federal Reserve is beginning to create bubbles, says New York University economist Nouriel Roubini. He cited "frothiness" in housing, junk bonds and potentially bitcoins, according to Fortune. The situation could play out into a financial crisis in the next two to three years, he says. "The question is whether we have gotten to sustainable growth that is not based on bubbles," he said. "Not yet." [Full Story]
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