How Likely Is A Double Dip Recession?

[DemocratSinceBirth]

[yourout]

1. imminent.

[DemocratSinceBirth]

2. That Wouldn't Be Good

.

[RedEarth]

3. Roubini : "60% probability of recession next year"

I hope he's wrong. Frankly it seems like we've been in a recession for the last two years.

Roubini: 60% chance of another recession
So says Dr. Doom on Bloomberg TV:

“We’ve reached a stall speed in the economy, not just in the U.S., but in the euro zone and the UK. We see probably a 60% probability of recession next year and unfortunately we’re running out of policy tools. Every country is doing fiscal austerity and there will be a fiscal drag. The ability to backstop the banks is now impossible because of political constraints and sovereigns cannot bail out their own distressed banks because they are distressed themselves.”


....link to video and article....

http://weblogs.baltimoresun.com/business/hancock/blog/2011/09/roubini_60_chance_of_another_r.html