Roubini Says U.S. Recession to Be Worst in 50 Years
Nov. 19 (Bloomberg) -- Nouriel Roubini, the New York University professor who predicted the current financial crisis in 2006, talks with Bloomberg's Carol Massar about the outlook for the U.S. economy.
Roubini also discusses the likelihood of government loans to U.S. automakers and the need for an "aggressive" fiscal stimulus package. ("Morning Call" is seen weekdays on Bloomberg TV. Source: Bloomberg)
00:00 U.S. to have "worst recession in decades"
01:52 Central bank actions, scope of credit crunch
02:45 Need for "major aggressive" stimulus
03:33 Outlook for auto industry rescue
04:02 Housing market; "stagdeflation"
video........
http://calculatedrisk.blogspot.com/2008/11/roubini-worst-us-recession-in-50-years.htmlor this link.......
http://www.rgemonitor.com/blog/roubini/254478/roubini_says_us_recession_to_be_worst_in_50_years_video