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Nouriel Roubini of Roubini Global Economics told CNBC Thursday that he believes the chances of a double-dip recession are now more than 40 percent and policymakers have few options to stimulate the economy.
I am not a macro-economist but I will add in a few points; GDP was just revised down to 1.6% for the previous quarter. Many economists are predicting that the next quarter will have zero or negative growth. Many prominent investors including Seth Klarman, and John Hussman are predicting low future returns for stocks. Finally, it seems like both Congress and the Fed are running out of bullets.
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Talking Zeitgeist with Google, Ted Turner, and Nouriel Roubini
(Paul Kedrosky's Infectious Greed, 9/14/10)
Six Reasons Roubini is Wrong about the Recession
(Wealth Daily, 10/15/11)
