Roubini: U.S. In Trouble as Outlook Is Very Dismal

The outlook for the U.S. economy is “very dismal” because growth is coming from replenishing depleted inventories while stimulus measures are largely fueling consumption, says New York University economist Nouriel Roubini.

Most Americans will still feel like they are in a recession as unemployment rates will rise from current levels of around 10 percent, he says.

“I think we're in trouble,” Roubini told Bloomberg.

“It’s going to feel like a recession even if technically we’re not going to be in a recession.” (more)