Economy ‘Far too Close’ to Double Dip: Roubini

in Debt economy Gold Bullion prices by admin — March 10, 2010 4:49 am | no comments

Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini, who predicted the 2007 financial crisis, wrote in a research paper. At best, the US economy is headed for a U-shaped recovery this year, Roubini said. That has been his prediction in recent months. The US faces challenges in the second half, especially as fiscal stimulus measures fade, and “appears far too close to the tipping point of a double-dip recession,” he said. .. Even if the euro zone does… Original Article: Forum: News/Activism

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Economy ‘Far too Close’ to Double Dip: Roubini

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