Friday, August 13, 2010

Roubini: It's going to feel like a recession even though technically it's not…”

Acclaimed professor of Economics, Nouriel Roubini is not all gloom and doom in this interview with The Economist Magazine, but it feels like he is, even though he is technically not.

There’s some good stuff right after the 4:00 minute mark, where he talks about how the sluggish growth will still be painful and won’t be good enough to prevent further declines in the housing market.

He also discusses risks of deflation, banking reform in the U.S. and the prospects for continued growth in China.



Gimme some feedback in the comments.

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