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Saturday, October 1, 2011

Roubini : US and UK already in Recession

“The way I see the global economy, I think we’re entering into a recession again in most advanced economies,” . “I think we’re already into one in the US based on the hard and soft data - same with most of the eurozone, same with the UK.” Nouriel Roubini said in a panel discussion at the Bloomberg Dealmakers Summit in New York , “At this point, the issue is not whether there is going to be a recession or a double-dip but whether it’s going to be relatively mild or whether it’s going to be a severe recession and a global financial crisis,” Roubini added “The answer to that question depends on what’s going to happen in the eurozone and whether they can get their act together.” - in http://www.telegraph.co.uk
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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in