Thursday 26 August 2010

Roubini Becomes Even More Filled With Gloom

Nouriel Roubini has become even more bearish in his assessments. Following some truly awful economic data out of the US yesterday, showing a big drop in Durable Orders, Roubini says he believes things are getting worse not better, and now palces the chances of a Double-Dip at 40%, and growing. He also says that unlike the onset of the recession, governments and Central Banks have run short on policy bullets to use to remedy the situation.












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