Roubini: Let me count the ways it was a sucker’s rally

Here it comes…. the latest bit of insight from ‘Dr. Doom,’ a.k.a Nouriel Roubini.

And, of course, he was right again — it’s all been a sucker’s rally:

"I have been predicting for a while that the most recent bear market sucker’s rally would lose its steam and — like the previous bear market rallies in the last 18 months — US and global equities prices would head again towards new lows. Let me now explain why…"

Firstly, let’s not forget, Roubini has always said we are facing the worst US recession in the last 50 years and the worst synchronised global recession in decades.