NY’s Dr. Doom: The recession is over

The U.S. economy’s worst recession since the 1930s seems to be over, said Nouriel Roubini, the New York University professor who predicted the financial crisis.

The economic recovery in advanced nations will still be “anemic,” said Roubini, chairman of New York-based research and advisory service Roubini Global Economics.

He said he was more optimistic about growth in emerging markets.

Roubini’s July 2006 warning about the financial crisis protected investors from losses in the Standard & Poor’s 500 Index’s worst annual tumble in seven decades.

Roubini, also known as Dr. Doom for his pessimistic forecasts, said this month that stock markets have “gone up too much, too soon, too fast.”