Wednesday, December 21, 2011

Nouriel Roubini : Double-Dip Recession in the US by 2013

"By 2013 at the latest, but possibly already in 2012, a perfect storm of a double-dip recession in the U.S., a disorderly scenario in the euro zone and a hard landing in China could materialize," Dr. Nouriel Roubini wrote in an article published on the Financial Times "It will become clear in 2012 that this game of 'kicking the can down the road' is a zero-sum game," He explained "The euro zone has been in denial of the fact that some of its member states are insolvent, as well as unable to survive and grow in a monetary union," He added

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