"Dr. Doom" Roubini: I don't see any signs of a hard landing or a sharp interest rate cut in the US economy

Odaily News Economist Nouriel Roubini, known as "Dr. Doom," believes that the market is pricing in too pessimistically that the U.S. economy is heading for a hard landing and that the Federal Reserve will slash interest rates. "There is some important evidence that the economy has slowed, but I don't think the data indicates a hard landing anytime soon. There are actually some strong factors in the economy," he said. Roubini made these remarks at a time when the market expects the Federal Reserve to cut interest rates by about 100 basis points by the end of the year. While the market is nervous about a recession, he pointed out that similar judgments in the past have been wrong. "I think the stock market has predicted ten of the last three recessions. The market often misjudges the economic situation and the actions of the Federal Reserve." (Jinshi)