Monday, October 14, 2013

Roubini to Bloomberg : The Chance of a U.S. Recession grows every day

“There is uncertainty that is already affecting business, investor and consumer confidence, leading to less retail sales, less capital spending by the corporate sector,” “If we were to reach the debt limit and have a technical default on Treasuries and if the government shutdown were to go on for weeks to come, then there will be a significant risk of a recession.” Roubini said on Bloomberg Radio’s today
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