Nouriel Roubini interviews with Henry Blodget – "L" shape recovery, not a "V." – Ilene
Roubini: Go Ahead, Keep Dreaming of That "V-Shaped" Recovery
As we noted earlier, Nouriel Roubini of RGE Monitor actually has a surprisingly non-apocalyptic forecast for the economy: The first quarter of this year will mark the worst rate of decline, and the outlook will gradually improve from there.
We’ll still be in a recession through 2009… It will be an L-shaped slog, says Roubini.
Read more here. Click here for the video.