Economist Roudini now on CNBC:

[speedoo]

This will be a severe recession, probably much longer than 24 months.

edit: unemployment 8-9%.

Very short interview, I guess they don't want to hear his bad prediction.

[Marsala]

1. Roubini is an extreme pessimist

He's been preaching doom since the first hint of the subprime crisis. He's been completely right, of course, but his opinion represents a worst case scenario. We may very well recover somewhat before his prediction. Maybe.