Dr. Doom finally capitulates: Global recovery by the end of the year.
(OK, yes, a double-dip is still a possibility–for lots of good reasons. And before you bash Nouriel for missing the turn, at least admit that he got the recession a heck of a lot more right than most people. And he did turn less negative several months ago.)
And note that he still thinks house prices will drop a total of 40%.
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