Dr. Doom relents

Economist Nouriel Roubini, the guy who has been scarily prescient about the recession (and has made sure everyone knows), now says that the just-completed first quarter will be the worst of it. Roubini tells Henry Blodget at Tech Ticker that the recession will last through 2009, and then there will be a very slow recovery in 2010 - so slow that most of us won't notice much improvement. (Keep in mind that economists generally believe that the jobless rate will remain stubbornly high well into next year.) Roubini is also pretty glum about the stock market - he doesn't expect the recent gains to last. So he's not exactly upbeat, but at least he's not sounding apocalyptic.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
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'I Am Woman,' hear them roar
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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