Saturday, August 26, 2006
Investment: 'Nasty' recession on its way?
'Nasty' recession on its way?
The United States is headed for a recession that will be "much nastier,
deeper and more protracted" than the 2001 recession, according to
Nouriel Roubini, a prominent economist who worked in the White House and
at the Treasury Department in the late '90s. The key culprit, in
Roubini's view: the housing market.
