Roubini: The Stress Tests Weren't Strong Enough, And Growth Will Be Miserable For 2-3 Years

Reported by Business Insider on Monday, 26 July 2010 (on July 26, 2010)

Roubini: The Stress Tests Weren't Strong Enough, And Growth Will Be Miserable For 2-3 Years

Heads up to fans of Dr. Doom.

Nouriel Roubini is on Squawk Box this morning, talking Europe, the US economy, and the rest of the news.

A few points:

Â· Of course the stress tests weren't stressful enough.
Â· Q2 GDP growth will come in at 2%.
Â· El-Erian's "new normal" is right, and US growth will be sluggish for years.
Â· Nominal unemployment will be around 9% in about 6-9 months.

We shall update as warranted.

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Espirito's Salgado Says Bank's Capital Is `Quite Strong'
Source: Bloomberg July 26 (Bloomberg) -- Ricardo Salgado, chief executive officer at Banco Espirito Santo SA, talks about passing the European stress tests and first half earnings. He speaks with Andrea Catherwood on Bloomberg Television's "The Pulse."

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Roubini: The Stress Tests Weren't Strong Enough, And Growth Will Be Miserable For 2-3 Years

Vitamin B supplements could delay onset of Alzheimer's, says study

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Invensys and Tullow takeover talk fails to halt FTSE fall

Frontrunning: September 7

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