Friday, March 12, 2010

Nouriel Roubini: Poor Economic Data Suggests A Double-Dip Recession Is Coming

Nouriel Roubini
Nouriel Roubini on

A slew of poor economic data over the past two weeks suggests that the U.S. economy is headed for a U-shaped recovery--at best--in 2010. The macro news, including data on consumer confidence, home sales, construction and employment, actually suggests a significant downside risk even to the anemic levels of growth which I forecast for H1 (the first half of the year).

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