Dr. Doom Gets Even Gloomier (VIDEO)

Aug 26 2010 | 9:40am ET

Famed economist Nouriel Roubini says risk of a double dip recession in the U.S. has climbed to above 40%.

"We know that the second half of the year is going to be worse than the first half, and worse than Q2 for the following reason. We have had a series of tailwinds to growth in the first half of the year that are going to be become headwinds," Roubini said in an interview on CNBC this morning.

Roubini pointed to the fiscal stimulus, saying it was a driver of growth in the first half and will become a drag on growth in the second half. He also said inventory adjustments will have run their course, and there will be negative affects from the census, among other factors pushing the economy further into the toilet.

Original Airtime: Thurs. Aug. 26 2010 | 7:34 AM ET



In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR