Tuesday, June 15, 2010

Latest Roubini Interview: Eurozone Problems are Severe; Risks of Double Dip, Unemployment May Rise

Heavy hitter and ubiquitous Nouriel Roubini was on TV earlier today. He says the risk of a double dip is highest in the Eurozone, problems are severe. Sees risks over double dip are higher than 50%. He comments on the labor market which "shows weakness". He says that even if the US creates 100,000 jobs per month, excluding census, we need 150,000. Unemployment will stay around 1% or rise.

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