According to Odaily, economist Nouriel Roubini, often referred to as 'Dr. Doom,' has expressed skepticism about the market's pessimistic outlook on the US economy. Roubini believes that the market's expectation of a hard landing for the US economy and significant interest rate cuts by the Federal Reserve is overly negative. He stated, 'There is some significant evidence of an economic slowdown, but I do not think the data suggests a hard landing is imminent. In fact, there are some strong factors within the economy.'
Roubini's comments come at a time when the market anticipates the Federal Reserve will cut interest rates by approximately 100 basis points by the end of the year. Despite market concerns about a potential recession, Roubini pointed out that similar predictions in the past have often been incorrect. 'I believe that in the past three recessions, the stock market has predicted ten of them. The market frequently misjudges the economic situation and the Federal Reserve's actions,' he noted.
