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Monday, August 13, 2012

Nouriel Roubini Warning : Growth could be close to Zero by next Year

August 12, 2012 Linda Wertheimer interviews Nouriel Roubini, whose nickname is Dr. Doom, for the second installment in her series of big idea conversations with leading economists.
WERTHEIMER: The fiscal cliff is the decision that the Congress has to make, to either renew the President Bush's tax cuts or permit rather drastic cuts in spending and increases in taxes to take place.
ROUBINI: Yes, if all of those things were to occur, the drag on the economy could be very, very large and growth could be close to zero by next year. And we could be stuck and sulk again about stalled speed or a double-dip recession.

NOURIEL ROUBINI BLOG