Wednesday, November 18, 2009

Obama joins Roubini in "W" recession scenario

It took months (and some Chinese wisdom) for Roubini's "W" model, an apocalyptic prophecy, to travel the international synapses from the lunatic fringe of NY University professors, through Wall street columnists, to The Man of Hope himself.

Obama: Too much debt could fuel double-dip recession (Reuters):
"BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession."
Well, can we double-dip? Yes We Can!

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