Nouriel Roubini, professor of economics at New York University’s Stern
School of Business, talks about May retail sales, Federal Reserve
policy and the outlook for the U.S. economy. Retail sales in the U.S.
rose twice as much as forecast in May, with purchases climbing 1
percent, the most in six months, the Commerce Department said.

click for video
Nouriel_roubini

00:00 Prospects for weaker consumer in autumn
02:05 Fed to hold despite "hawkish" rhetoric
03:22 "Very pessimistic" about housing
04:32 Could be "long and protracted" recession
05:34 GDP to fall for four quarters

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Source:

Roubini of NYU Sees ‘Long and Protracted’ U.S. Recession: Video
Bloomberg,
June 12, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3myVRRgXVSY

Category: Economy, Video

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5 Responses to “Roubini: ‘Long and Protracted’ Recession”

  1. Roubini is more optimistic than usually … can be a contrary indicator.

  2. John says:

    Am I imagining things or does Nouriel look much more sleek and polished than he used to do. Much less dishevelled. Success is pleasant.

  3. harpet says:

    It must be a long and protracted recession because according to Roubini it started in the 4th Qtr of 2006.

  4. Pool Shark says:

    Nah! Roubini is an optimist.

    This is gonna get really ugly…

  5. Willydog says:

    I would like to see Roubini try his luck at the amateur commedy night at the local commedy club.