'Dr. Doom' Roubini gets bullish on global economy.
Good move by Dr. Roubini , but a little bit late.
Dr. Roitman did it exactly a year ago, on December 27, 2012:
In 2013, S&P500 gain was +30%
Happy New Year!
The World Bank expects global economic growth to accelerate to 3.2% in 2014 from 2.4% in 2013, led by advanced economies that seem "to be finally turning the corner" following the financial crisis. In its Global Economic Prospects report, the bank also forecast that the U.S. will expand 2.8% this year vs 1.8% last year. The outlook, along with strong U.S. retails yesterday, have helped boost world stocks today.
With household and federal balance sheets in better shape, the U.S. economy is increasingly able to stand on its own and will be able to shrug off the effect of somewhat higher interest rates this year, says Avery Shenfeld, winner of the December Forecaster of the Month award.