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It won't take much to tip the U.S. economy into a double-dip recession, Nouriel Roubini says,...

It won't take much to tip the U.S. economy into a double-dip recession, Nouriel Roubini says, citing a number of potential external shocks. "You don't need another Lehman story, you don't need a major loss. You can have death by a thousand cuts."
Comments (7)
  • bbro
    , contributor
    Comments (9167) | Send Message
     
    It could go up..it could go down...
    6 Oct 2010, 04:35 PM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    Maybe, just Nouriel's hot air, alone, will blow us back into recession.
    6 Oct 2010, 04:38 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    100% certain there will be a recession over the next 10 years

     

    Get ready for it.

     

    Take that to the bank.

     

    Where do I send my fee?

     

    E
    6 Oct 2010, 08:34 PM Reply Like
  • DrBenway
    , contributor
    Comments (300) | Send Message
     
    Nouriel, you are well behind Rosenberg. You need to downgrade your forecast in a hurry or no more TV time, Saint Tropez conferences, and hot babes for you!

     

    Rosie predicted 1.5% negative GDP 3-rd quarter and initial jobless claims above 500K every week. That will get him air time! Still no hot dates for him - maybe he needs to lose some weight...

     

    On a more serious note: how does he come up with percentages? I feel that the number will be always close to 50%, so he can hedge his prediction either way.
    6 Oct 2010, 04:40 PM Reply Like
  • Wall St. Cheat Sheet
    , contributor
    Comments (88) | Send Message
     
    I am so sick of hearing Robini. Been saying the same crap since SP500 666.
    6 Oct 2010, 04:41 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Irrespective of the market, I believe we have yet to leave the recession we've been in.

     

    Has it lessened? Perhaps. Will it get worse? most likely. Will it get better, eventually. And it'll happen more quickly the sooner the govt/Fed stops monkeying around trying to fix things.
    6 Oct 2010, 05:47 PM Reply Like
  • mannettino
    , contributor
    Comments (1065) | Send Message
     
    Meanwhile, back in the real world, the IMF lowers global growth forecasts but the US equity markets continue to lurch ever higher because of the international diversification of their revenue streams....ummmm.....O...
    6 Oct 2010, 08:35 PM Reply Like
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