Roubini: 'Long and Protracted' Recession
Nouriel Roubini, professor of economics at New York University's Stern School of Business, talks about May retail sales, Federal Reserve policy and the outlook for the U.S. economy. Retail sales in the U.S. rose twice as much as forecast in May, with purchases climbing 1 percent, the most in six months, the Commerce Department said.
click for video
00:00 Prospects for weaker consumer in autumn
02:05 Fed to hold despite "hawkish" rhetoric
03:22 "Very pessimistic" about housing
04:32 Could be "long and protracted" recession
05:34 GDP to fall for four quarters
>
Source:
Roubini of NYU Sees 'Long and Protracted' U.S. Recession: Video
Bloomberg,
June 12, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3myVRRgXVSY
Monday, June 16, 2008 | 03:30 AM | Permalink
| Comments (5)
| TrackBack (0)
add to de.li.cious | 
digg this! | 
add to technorati | 
email this post
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e553516e7f8833
Listed below are links to weblogs that reference Roubini: 'Long and Protracted' Recession:
Comments
Roubini is more optimistic than usually ... can be a contrary indicator.
Posted by: Our man in Helsinki | Jun 16, 2008 6:11:13 AM
The comments to this entry are closed.
