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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of