Monday, March 2, 2009

The Economy: Even 'Dr. Doom' Is Scared

A year ago Roubini was forecasting an 18-month recession with a U-shaped recovery; now, he's now expecting the downturn to last at least 24 months and possibly 36-months.

He also sees rising risks of a Japanese-style L-shaped stagnation, i.e. a prolonged period with little or no economic growth...

Read more 'Dr. Doom' Is Scared..

Source: yahoo! finance