05-29-2009, 08:38 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Roubini stood by a recent article in which he mentioned the possibility of a "perfect storm" in 2010.
"There is even a risk of a double dip, a W-shaped recession at the end of next year," he said, a combination of rising oil prices, rising public debt and increases in real interest rates, rising concerns about inflation and the expiration of a number of tax cuts in the United States<!--QuoteEnd--><!--QuoteEEnd-->
Roubini assessment is right. Currently, US is printing money and treasury is buying its own bond with printed money. This will cause inflation and possible very hard inflation.
Next is oil price, it is already up and it will effect everything and growth engine will just go in reverse direction.
Government is overspending. Socialist policies will kill growth.
Foreclosure are going up, even higher income group is affected.
"There is even a risk of a double dip, a W-shaped recession at the end of next year," he said, a combination of rising oil prices, rising public debt and increases in real interest rates, rising concerns about inflation and the expiration of a number of tax cuts in the United States<!--QuoteEnd--><!--QuoteEEnd-->
Roubini assessment is right. Currently, US is printing money and treasury is buying its own bond with printed money. This will cause inflation and possible very hard inflation.
Next is oil price, it is already up and it will effect everything and growth engine will just go in reverse direction.
Government is overspending. Socialist policies will kill growth.
Foreclosure are going up, even higher income group is affected.