From ‘Dr. Doom’ to Captain America? Roubini Bets on US Growth & Outwits Trump’s Tariffs

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Darlings, dust off those jazz hands and pass the champagne! Economist Nouriel Roubini, famed purveyor of fiscal gloom—and what I assume is a most unsettling dinner guest—has sashayed onto the scene, crooning a bold new number: the American economy is set to waltz up by 4% a year by 2030. 🎩💃 Sure, Trump’s tariffs might make things stumble by 50 basis points, but Roubini envisages technology picking the whole party back up and boosting growth by 200. Isn’t progress delicious?

Roubini Sees Markets Elegantly Outmaneuvering Trump

Well, well, well—if it isn’t “Dr. Doom” swapping his black tie for a technicolor dreamcoat of optimism. Who says a leopard can’t put on sequins? Roubini (with a twinkle) insists all those hand-wringing tariff aficionados can take a little bow. The tireless charmers of the financial markets have pirouetted right past Trump’s trade policies, and the result? A not-so-humble prognosis: 4% annual growth for the U.S., hold the doom.

Picture it: the U.S. bond market upstaging the administration’s best attempts at drama. Roubini, like a post-war maître d’, dryly notes, “Market traders trumped the tariffs, and bond vigilantes proved more powerful even than the U.S. president.” One can only hope Trump had a decent martini at hand when financial markets howled, forcing a dignified—if temporary—retreat from broad tariffs. 🍸

In true theatrical fashion, after much chest-beating, midnight tweeting, and the indignation of economists, business leaders, and even those chaps at the country club, Trump found himself declaring a little intermission: tariffs, for now, were to take a back seat. Why? U.S. bond yields tiptoed upward, unsettling even the hardiest of market souls. Investors began to price in all sorts of melodramatic outcomes: stagnation, inflation, and currencies across the globe clutching their pearls.

‘Dr. Doom’ Now Foresees Merely a Short, Stylish Recession

Roubini, ever the connoisseur of economic intrigue, notes that markets stole the spotlight again when Trump threatened, with all the subtlety of a pantomime villain, to sack Jerome Powell for declining to disco down and slash rates. Roubini quipped, “Trump was the first to blink—at least for now,” alluding to Powell’s stiff upper lip and a no-nonsense stance that practically begs to be played by Michael Gambon.

Trade barriers and protectionism might, according to Dr. Doom, slow growth by a drowsy 50 basis points. But enter technology, striding onto stage with jazz hands and a megaphone, to lift U.S. potential growth by a robust 200 points. “A doubling to 4%? Even the harshest trade restrictions could only spoil the punch by 50 basis points, darling,” explains Roubini, as if describing a minor hiccup at the Savoy. 🎭

beset by the woes of an aging population, vitamin D deficiency, and an embarrassing reliance on China. “The 50-year innovation gap—already a yawning chasm—will soon expand as AI turns logarithmic curves into exponential rollercoasters,” he warns.

On inflation, Roubini predicts prices will pirouette above 4% before the curtain drops, setting up a recession with all the drama of a Noël Coward third act: not deep, not tragic—just a couple of quarters for everyone to hydrate and regroup. 🥂

Despite the tariffs, inflation, and Washington’s spontaneous jazz solos, Roubini remains enchanted by the American economy’s ability to keep dancing. Not bad for the man called “Dr. Doom”—looks like he’s joined the conga line.

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2025-05-02 11:59