Unfortunately, there are a lot of mixed messages from Roubini. He sees some growth in the first half though less in the second due to the stimulus going away. An asset bubble is growing so governments need to scale back but then they run the risk of stopping the growth that arrived with the stimulus. CNBC
Withdrawing economic stimuli and tightening monetary policy are very difficult future policy choices, but something has to be done because asset bubbles have started to take shape, Nouriel Roubini, chairman of Roubini Global Economics, told CNBC Wednesday.The Democrats did not create the recession and this tangled mess that we have today, but they also have done very little to either sell the stimulus to the public or change the system. Delivering more of the same is about the last thing anyone wants, but that's all they've seen.
"On monetary policy, exiting too soon is going to tip the economies into recession; the trouble is… now there is the beginning of an asset bubble that's becoming global," Roubini told "Squawk Box Europe" at the World Economic Forum in Davos, Switzerland.
