You're deliberately obfuscating the issue, Dew. Roubini was specifically referring to deflationary pressures in the economy, and his argument that long-term interest rates will remain low because of this and in spite of what the "end-of-the-dollar-hyperinflationary types ("The U.S. is the next Argentina.") have been predicting. His views were meant to be long-term. And recent statements by Bernanke would seem to bear out Roubini's prediction about long-term rates remaining low and inflation subdued.
I think Roubini was offering an antidote for those who saw a V-shaped recovery for the economy. It was in this sense that he was offering a cautious view on the Markets for those who think the Markets are headed swiftly back to pre-recession heights.
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