Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

RGE Monitor chairman Nouriel Roubini on CNBC: Unemployment Will Rise Through 2010

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Political Videos Donate to DU
Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-05-09 11:41 PM
Original message
RGE Monitor chairman Nouriel Roubini on CNBC: Unemployment Will Rise Through 2010
Run time: 07:10
Posted on YouTube: October 05, 2009
By YouTube Member:
Views on YouTube: 0
Posted on DU: October 06, 2009
By DU Member: Amerigo Vespucci
Views on DU: 445

Nouriel Roubini, the chairman of RGE Monitor, appeared on CNBC this morning and had more warnings for those expecting a brisk economic recovery from the recession.

For one, Roubini said, "the labor market is still awful in the U.S. and advanced economies." He also added that the U.S. consumer is "shopped out"

Regarding unemployment, Roubini was equally bearish. When asked whether or not unemployment in the U.S. is heading upwards of 10 percent -- it currently stands at 9.5 percent -- Roubini said that he sees unemployment increasing through much of 2010.

Here's more from Roubini:

"Not just going to go above 10 percent but the risk is it's going to stay above this level and return to more normal only more gradually and that's going to be one of the important sources of weakness for an economic recovery."

Read more at:
Printer Friendly | Permalink |  | Top

Home » Discuss » Political Videos Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC