"Last week, New York University economist Nouriel Roubini decided to speak out about the current economic recovery, warning that it cannot last.
Roubini contends that while there was a massive rally in "all sorts of risky assets" has caused the dollar had weakened sharply and government bond yields have "increased but stayed low and stable." These risky assets that Roubini discusses are equities, oil, energy, and commodity. Dr. Doom believes that the prices for these risky assets have risen too far and too fast compared to macroeconomic fundamentals.
Roubini points out that our recent rally has been fostered by "a wave of liquidity from near-zero interest rates and quantitative easing." That said, Roubini believes that the most important factor in our current "bubble" is the weakness of the U.S. dollar."