Dr. Doom Smiles! (After Delivering More Doom)

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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!