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.


Post a Comment

You must have a Google Account to post a comment.

WARNING: Posting on this blog is a privilege. You have no First Amendment rights here. I am the sole, supreme and benevolent dictator. This blog commenting system also has a patented Dumbass Detector. Don't set it off.

Note: Only a member of this blog may post a comment.