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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…