Dr. Nouriel Roubini’s forecast remains unchanged. Which is actually good news (because over the past six months it has steadily gotten worse). He’s also now less bearish than a lot of folks, which is also good news.
Video below. Key points:
- Recession through December 2009 (at least)
- Total contraction of US economy of 4% (more bullish than Gary Shilling)
- China may have hard landing
- Russia economy may contract
He does deliver the news with some serious style, though. And he even smiles at the end!