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.