Roubini sees recession lasting or even double dipping.
Nouriel Roubini a professor at NYU wrote a piece outlining eight points as to why he thinks the projected recovery will take much longer than most anticipate. Newsweek already announced the recession is over , however Nouriel disagrees and in fact points to a developing possibility of a double dip recession and believe me, this is no ice cream treat. "Yeah uhm, I'll take a double dip recession with some unemployment sprinkles and debt chunks". Not so much, instead we are looking at a recovery of some kind followed by yet another recession. Fun fact time! During FDR and the expansion of government, America experienced it's first double dip recession or specifically a recession within a depression. FDR somehow managed to convinced the zombie masses that his predecessor somehow was to blame, but this tactic will not fly in the age of information. Not to dwell on the matter further, but it was FDR's policies that caused the double drip recession, taxation, regulation,