Nouriel Roubini was talking today about the possibility of a “U-shaped” economic recovery or a double dip recession, just one of a growing number of people who have been mentioning the dreaded “W-shaped” outcome, at least according to data collected by Google trends.
Roubini said there is just a small (but increasing) probability of this scenario and, if it occurs, it will be due to policy makers not getting the “exit strategy” right. Based on this logic – our economic future being dependent upon Washington economists doing a better job coming out of the recession than going into the recession – you’d think the odds of a “W-shaped” future would would be appreciably higher than as stated by Nouriel.
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