Nouriel Roubini, the economist who correctly predicted the 2008 stock market crash, spoke at length with CNBC on the potential risks of asset bubbles given the massive amounts of monetary stimulus that have been injected into the system by central banks around the globe.
"I don't think we are in a bubble right now, but if you look at the price of many assets, they look kind of expensive," said Roubini, pointing to the levels of public and private equity, credit markets and real estate. "Across the board I don't see a bubble, but I see certainly some frothiness."
The economist worries there's increased risk for equities and other assets to pull back, because the economy is "barely growing" and earnings remain subdued while valuations are high in relation to their historical average.
Roubini, who's founder and CEO of Roubini Macro Associates, a global macroeconomic consultancy firm, also touches on:
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