Roubini: We Have Avoided Depression... For Now

Nouriel Roubini spoke with CNBC this morning and made clear that the government needs to take action over unemployment.

Roubini says that we have avoided a depression, but that a slowdown in Europe and Japan, coupled with a rising dollar, will be a problem for U.S. companies.

Roubini says that for a year or so, we don’t have to worry about bond vigilantes attacking U.S. debt.

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