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. More...

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