Thursday, December 18, 2008

Its only just started folks – into the bunkers

Nouriel Roubini: The $700 Billion Bailout Isn’t Enough

So there is a risk of something like a Japanese-style, multiyear economic stagnation. I would not rule it out, but it is not my benchmark scenario. I think there is a one-third probability it will end up that way, but a two-thirds probability that we will end up in a severe, two-year-long recession. And that would be by any standard the worst recession that the U.S. has experienced in the last 60 years.

Posted by v stor @ 06:16 PM (516 views)
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