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Nouriel Roubini: The US consumer will drag us back into recession
Influential market commentator Nouriel Roubini (pictured) believes the US has ‘run out of bullets’ in its efforts to stimulate its economy and predicts that the US consumer will drag the global economy back into recession.
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His are the latest comments from a number of market commentators warning of a US -led double dip recession ahead.
SocGen's Albert Edwards, GMO's James Montier and Artemis Strategic Assets fund manager William Littlewood have all stated in recent days that a double dip is now very likely after a raft of generally disappointing US economic data.
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4 comments so far. Why not have your say?
Truth Searcher
Sep 07, 2010 at 10:35
What a ridiculous headline.
report thisJoe Bloggs
Sep 07, 2010 at 11:47
That has been on the cards for a while now, just look around you and see what is going on.
Play the markets accordingly.
report thisWilliam Bishop
Sep 07, 2010 at 17:01
Lot of rattling of bones going on right now - while outlook is subdued, it was notable how markets last week responded to even a hint nor two that the US economy might be ticking over mildly, as opposed to going down tubes.
report thissnoekie
Sep 07, 2010 at 20:59
All appear to have rose tinted glasses on.
Ftse, in fact US indecese all blinkered, with little account being taken of the belt tightening going on and the effects of devaluation still feeding through.
More by the IS will merely exacerbate the problems, not ease them, shall we say a touch of cloves on a toothache without addressing the real problem, that most dealing with debt and buying essentials only, without addressing the fundamental issues.
Too many biggish companies still have too much debt, feeling the need to pay dividends, when they should be paying down borrowings/pension deficits. And yes, I am now dependent on dividends.
There is also a desperate need for companies to address the Mickey Mouse remuneration/bonus/pension packages. Never mind thinking of a figure you think of and doubling it, this is squaring/squaring the squared figure.
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