Wall Street's Dr. Doom Predicts Short and Shallow Recession, Contradicting Previous Collapse Forecast

Nouriel Roubini, known as "Dr. Doom" for his pessimistic outlook, has shifted his tone and now believes that the US economy may have avoided a severe recession, at least for now. He acknowledges the possibility of a soft landing or a short and shallow recession, but warns of risks such as the long lags of monetary policy, credit issues, and sticky inflation driven by higher oil prices. While Roubini is more optimistic about the near-term prospects, he still cautions that the outcome is uncertain and further Fed tightening could trigger a mild recession.