Daily Markets - Nouriel Roubini Sees 40% Of Chance Of Double Dip

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Nouriel Roubini Sees 40% Of Chance Of Double Dip Posted: 28 Aug 2010 10:59 AM PDT Nouriel Roubini Nouriel Roubini of Roubini Global Economics told CNBC Thursday that he believes the chances of a double-dip recession are now more than 40 percent and policymakers have few options to stimulate the economy. I am not a macro-economist but I will add in a few points; GDP was just revised down to 1.6% for the previous quarter. Many economists are predicting that the next quarter will have zero or negative growth. Many prominent investors including Seth Klarman, and John Hussman … [visit site to read more]

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