2014 Predictions: Surprising Forecasts from Wall Street Names

Time will tell if these predictions are ahead of the curve or just off the mark

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2014 Predictions: Dr. Doom Changes His Tune

Sun 185 2014 Predictions: Surprising Forecasts from Wall Street NamesEconomist Nouriel Roubini — also known as Dr. Doom — correctly called the housing market collapse and global recession. It made his career, transforming the New York University economist into a well-known talking head. After getting those calls right, Roubini stayed bearish throughout the post-recession period, so much so that he became known as a permabear.

But after missing the entire 170% rally in stocks since the market bottomed in 2009, Dr. Doom has finally changed his tune. Indeed, his 2014 prediction is actually bullish: “The good news is that economic performance will pick up modestly in both advanced economies and emerging markets,” Roubini writes, forecasting 1.9% growth for the world’s advanced economies.

Of course, Dr. Doom has been wrong for so long that maybe all those rosy 2014 predictions will prove to be horribly wrong, too.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/2014-predictions-stocks-economy/.

©2014 InvestorPlace Media, LLC

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