Salient to Investors:

Nouriel Roubini writes:

  • Economic growth and earnings growth are slowing down, while both top and bottom lines are not what they were, though margins are high.
  • The gravitational forces of a slowing economy will lead to a correction, but the levitational forces of QEs, zero policy rates, and market inflows in the US,and other economies will levitate asset prices. As long as the economy grows 1.5% to 2% and there is easy money, this market can go higher.

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