Roubini: ‘Long and Protracted’ Recession

June 16, 2008 3:30am by

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
Nouriel_roubini

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

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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

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What's been said:

Discussions found on the web:
  1. Our man in Helsinki commented on Jun 16

    Roubini is more optimistic than usually … can be a contrary indicator.

  2. John commented on Jun 16

    Am I imagining things or does Nouriel look much more sleek and polished than he used to do. Much less dishevelled. Success is pleasant.

  3. harpet commented on Jun 16

    It must be a long and protracted recession because according to Roubini it started in the 4th Qtr of 2006.

  4. Pool Shark commented on Jun 16

    Nah! Roubini is an optimist.

    This is gonna get really ugly…

  5. Willydog commented on Jun 16

    I would like to see Roubini try his luck at the amateur commedy night at the local commedy club.

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