Dr. Doom is gloomy – “Economy already in recession”
Noriel Roubini is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. Roubini’s outlook on the economy has earned him the nickname Dr. Doom.
Here are some of his latest tweets as of 9/22/11:
@nouriel: Economy already in recession. Whatever the Fed does now is too little too late 15 hours ago
nouriel: Operation Twist may worsen the credit crunch as it will reduce banks’ net interest margin . Unintended consequences… 2 hours ago
nouriel: US, Eurozone and UK are effectively in a recession now. And policy makers are running out of policy rabbits to pull out their policy hats 15 hours ago
nouriel: RGE (www.roubini.com) predicted in July a 60% probability of recession in most advanced economies. By now that probability is much higher. 15 hours ago
nouriel: Vicious cycle: weak macro causing fallin stock mkts & high credit spreads,in turn making recession worse via wealth effect & cost of capital 12 hours ago
nouriel: Only issue now: will it be a mild G7 recession or a severe recession plus global financial crisis as bad or even worse than the 2008-09 one? 15 hours ago
nouriel: So investors should go into the former to avoid ending up in the latter @mark_dow: Only 2 positions are working in this market: cash & fetal 7 hours ago
nouriel: Eurozone is double dipping… if it ever got out of the first recession @michaelhewson: EZ Industrial Orders for (Jul) Act: -2.1% exp -1.2% 15 hours ago
Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere: