Dr. Doom

RGE monitor

Suddenly, everyone is paying attention to Nouriel Roubini. For several years, the NYU economics professor has been issuing dire warnings about the economy  which were generally ignored or derided.  Now his forecasts are taken very seriously, and they are not encouraging:

But unfortunately, the worst is not behind us. This will be a painful year. Only very aggressive, coordinated, and effective action by policymakers will ensure that 2010 will not be even worse than 2009 is likely to be.


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