Roubini, Shiller see more pain for U.S. economy

A rebound in key US economic indicators masks an underlying malaise that will likely hamstring growth for many years and keep housing and banks in a rut, several top economists said on Monday.

Nouriel Roubini, president of RGE Monitor, said a recovery in risk assets like stocks and emerging markets would not last, since it had been based on unrealistic expectations for a global economic rebound.

"I see subpar, anemic, below-trend growth for the next couple of years," Roubini said.

Housing expert and MIT Professor Robert Shiller, equally pessimistic, said about the four-year housing downturn, "This thing is not over yet."