Roubini Warns of Double-Dip Recession
Tuesday, August 25th, 2009 | Uncategorized
Nouriel Roubini, aka Dr. Doom, was one of the few to get it right while everyone else waited for the Bush bonanza. Seriously, this guy was mocked for repeatedly suggesting that at a certain point in time there would be a comeuppance for the excesses of the previous 25 years. No one’s laughing now . . .
http://www.reuters.com/article/newsOne/idUSTRE57M29R20090823?ref=patrick.net
“Yet he warned that policymakers face a “damned if they do and damned if they don’t” conundrum in trying to unwind their massive fiscal and monetary stimuli to keep the global economy from toppling into a depression.”
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