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Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, April 30, 2009

Robini - It's a U, not an L

I am not Dr. Doom. I am Dr. Realist. I don't believe we are going to end up in a near-depression. Six months ago I was more worried about an L-shaped near-depression. Today, after the very aggressive policy actions taken by the U.S. and other countries . . . we are, instead, in the middle of a U.

Noruiel Roubini's blog 4.27

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