Negative View of the Economy’s Course

September 6, 2010 Leave a comment

Interview with Professor Nouriel Roubini of the Stern School at New York University on the US and global economy.  He says there is a 40% chance of double dip recession or, at least, stagnation or very slow growth that “feels like a recession”.  This quasi-recession would be reflected in continuing unemployment, difficult credit markets, limits on government action because of high public debt, difficult housing markets, falling growth in emerging markets, among others.  See the interview.

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Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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