NYU professor and chairman of Roubini Global Economics Nouriel Roubini told Fox Business' Maria Bartiromo that we’re at the beginning of a credit bubble.
The Fedwill keep its key lending rate low even after it lifts off from near zero, where it has rested for the past half decade, Roubini said. That slow process of normalization will keep the spigot of borrowing flowing, helping support the economy. But it will also lead to risky lending practices. Hence, a bubble is inflating that could eventually pop.
