Wednesday, August 12, 2009

Nouriel Roubini Double Dip Recession a Possibility

The world economy still risks a double-dip recession if oil prices rise toward $100 per barrel and if huge U.S. government debts frighten investors, Nouriel Roubini, professor of economics and chairman of RGE Monitor, told CNBC.
"There is a risk, a low probability for a double dip" Nouriel Roubini said
"Asset prices should go higher, the question is too much, too soon, too high? In my view there is the risk of a correction,"
"I can still see downside risks for financial institutions," he added
"It could lead to a double dip. I'm not saying it's going to happen but it's a risk,"
"I see weak economic growth, weak consumption, even if there will be a recovery."

Nouriel Roubini discussses the economy with the other Dr Doom Marc Faber

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