NYU economist Nouriel Roubini has been pretty negative over the past few months, despite the rally in asset prices and a general turn in sentiment toward the economy and markets on the Street.

Now, it seems like Roubini is finally coming around to the consensus view. In a way.

It's not going to be that we are going to get a rout in the bond market, because the Fed knows that when they exit, they have to exit slowly – and they can hold to maturity.