Monday, September 6, 2010

Roubini Sees a 40%+ Chance of a Double Dip

From Zero Hedge:

the NYU professor does a quick 5 minute summary of what he sees as the main threats to the US economy, among which are a 40%+ chance of a double dip, a sub 1% GDP growth in H2 2010, the disappearance of all stimulus pushes (and the conversion of the fiscal stimulus from a tailwind to a headwind), an awful job market, bigger bank losses, declining home prices, a drop in the stock market, widening spreads, a feedback loop from stock markets into the economy, and much more. We are happy the professor has revised his call from a few months back seeing virtually no chance of a double dip.

http://www.zerohedge.com/article/dr-realist-fka-doom-talks-double-dip-ft

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