More doom from Nouriel Roubini

Nouriel Roubini cannot help himself. He is a born pessimist if there ever was one. He forecast the credit crisis two year ago. He predicted that over a thousand banks would fail. His recent comments about the economy have been more sanguine, but he still warns of a double-dip recession.

His latest obsession is with stock and commodities prices. He says that the run up in the two markets cannot be sustained. That is not exactly a minority position, but Roubini's statements seem to get more press than those of most other economists.