Monday, October 14, 2013

Roubini : No Government Agreement Means Recession in America

"If there is not agreement, the resulting financial damage could even tip us into a recession," especially because the economy is growing at a relatively paltry rate of 1.5 to 2 percent,"The economic impact in terms of a fiscal drag is the difference" between U.S. economic growth and tipping into a downturn, Roubini told CNBC today
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