Wednesday, June 24, 2009

Nouriel Roubini sees Double Dip Recession

Nouriel Roubini also known as Dr Doom professor at New York University's Stern School of Business sees Double Dip Recession ...inflation housing consumption industrial production employment are relatively improving but the recession have not bottomed yet , there is also the risk of a crude oil price shock , if the oil price goes to $100 like last year with the risk of a Double Dip Recession ...eastern europe is in deep trouble particularlry Latvia the currency could collapse under the weight of the debt ...Latvia is like Argentina of 2001 ...this could affect western Europe and hence the American market as well...there is a risk of a global financial meltdown , we are not in free fall anymore but there is the risk of a double dip recession

1 comment:

Anonymous said...

Get rid of IMF, fed reserve and get back to a constitutional system, outlaw lobby's, bring our jobs back.

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