Roubini, The Oracle Of 2008, Sees No Bubbles In The U.S. Financial Markets

The brilliant Nouriel Roubini, the swashbuckling NYU economist who predicted the disastrous credit and housing bubble in the U.S. during 2008, told me yesterday he sees "frothiness" not a bubble in some sectors of the U.S. bond market and in the housing markets of 17 foreign nations like Switzerland, Sweden, Norway, Hong Kong, Indonesia, China and Brazil that could become "outright bubbles" someday if they are not reigned in.