Nouriel Roubini: Still Gloomy, But Sees Pace of Contraction Slowing » financialsurfer.com

Nouriel Roubini: Still Gloomy, But Sees Pace of Contraction Slowing

July 12th, 2009 | Category: Economy
Noted — and prophetic — bear Nouriel Roubin’s RGE Global Monitor offers a peak at its new U.S. forecast . An excerpt:    The United States is in the 20th month of a recession that has been by far the longest and most severe of the post-war period. While comparisons with the Great Depression are frequent and appropriate (especially if we look at the pace of contraction in industrial production), the aggressiveness of policy measures …

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