Disaster Averted, But 'Dr. Doom' Still Sees Grim Economic Outlook

In reality Roubini is hugely optimistic, forecasting 1% growth when major economies are shrinking at better than 5%.

Roubinis ties to the world bank,imf and privately owned Fed Res make him an untrusted source for information.He is a tool to instill fear into our minds so that we support lending more powers to the FED. Instead of listening to this mouthpiece we need to Email our congress and tell them to support auditing the fed with HR 1207 and S 604.

Roubinis ties to the world bank,imf and privately owned Fed Res make him an untrusted source for information.He is a tool to instill fear into our minds so that we support lending more powers to the FED. Instead of listening to this mouthpiece we need to Email our congress and tell them to support auditing the fed with HR 1207 and S 604. http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

I do not think that having ties to places where the information is, like the Fed, and world bank make your predictions suspect. As always in economics nobody really knows. Economists try to predict what you are going to do, and who knows what you are going to do?

He should , every time ya look around the oil speculates are looking for an excuse to raise the price , and Obama keeps spending everyones money before they get it. Bunch of frikking retards running this country, they all need to go for a long walk off a short peer Obama better see to it that AIG, and all those banks, and GM,Chrysler, pay back ever dollar loaned out too... WITH INTEREST !!.

Audit the Federal Reserve, they are a private corporation putting our children into indentured servitude to a corrupt government and a fiat currency. Support Ron Paul and HR 1207 and S 604. As for the "recovery", it is based on glue sniffing speculators, opportunists, and suckers. Spring is a nice time of year, and a dead cat dropped from 10 stories bounces surprisingly high. The owners are holding it up as if it were alive, but it will hit the ground again and eventually be buried deeper than when it chased mice.

he does make sense, oil going up too soon could lead to economic problems.

This guy is as correct as anyone else... 50/50 chance ))) What an arrogant idiot.

Put 10 economists on a panel and ask them the same question and see how many answers you get loaded with provisos, addendums, CYA and arrogance. They are the weatherman of the economy. Have them explain why the market is "upbeat"? There is a crap load of bad things out there that are not being addressed in the credit and real estate environments that no one wants to consider anymore. You read about the employment picture and the pundits like to talk about the leading/lagging indicators, yet, when someone loses their job, real estate is affected, tax income is affected, spending is affected .... with massive government spending on "new projects" and not taking care of "current projects" I am somewhat concerned. If this is an exercise in throwing as much out there as possible to see what sticks, imagine the quality of the product??? Especially with 14% unemployment that will rise through out the 1Q2010..... What disaster was averted?

The United State Goverment.....Going Into...."Bankruptcy"...That Is ....A Reality...!!!!!

ERIC W - Summed it up to perfection. Kudos. It's good to see that everyone out there isn't slurping the kool aid by the gallon. Why do we even 'need' the Federal Reserve? They've caused much more damage than good over the last 10 years.

I truly wish that things were as good as the government is telling us, but based on experience the opposite is very likely true. I know people who have lost their jobs--- of all ages. I see the price of gas going out of control yet again. I notice college grads are largely unable to find jobs. People are suffering, and many of them are the ones who always behaved responsibly. This is not over. The "other shoe", inflation, has to drop and when it does we all are in the soup, vegans and carnivores alike. Start a garden and learn to preserve food. Find a friend who is a good hunter and willing to share. God bless you and our country.

Anyone at any time can predict the end of the recession and not worry about any kind of evidence. Numbers can be produced to show anything. If the truth is ever told, the economy would be significantly lower than what it is right now and economists would be forced to stay in their classrooms and teach the next generation of economists.

ERIC W - Summed it up to perfection. Kudos. It's good to see that everyone out there isn't slurping the kool aid by the gallon. Why do we even 'need' the Federal Reserve? They've caused much more damage than good over the last 10 years. Ben Bernanke hasn't been right about anything now for over 2 years,

Obama has only delayed the inevitable(Depression Part II) by spending trillions of dollars.Just like how GM and chrysler bankruptcy was delayed. Also we will see a day when AMERICA DEFAULTS

As a day trader, I warn all of you that the government all during the crash of 08 was telling us everythings fine...dont worry...well after a blast that we suffered, it is downright criminal how the media is reporting that all we see are "green shoots" of recovery. That is not what is going on here...we have seen a 40% self driven "recovery" using almost a trillion dollars taken on loan from our futures on the biggest gamble in world history. Think about it..what options did the government have? Bread lines and riots? Thats what we were facing then. Im holding a mostly cash position and I'm waiting for a 20-30% correction very soon...free advice from a guy who shorted the marker in 08 and MADE MONEY!.....peace!

I can't believe anybody listens to this beer belly.

OIl will go 100 per barrel soon. Let's face it, Americans consume more oil than Asians combine....

As the saying goes, “Even a broken clock is correct twice a day”. www.PTLdomains.com

I'm sick of this guy. he was right once. so was i once. i guarantee you if you invest your money based on this guy's predictions (or any one guy), you will lose your money. Let's remember Roubini is 100% long in stocks. that's what makes him personally brilliant. if he's right, he makes money from publicity. if he's wrong, he makes money from stocks. it's the ultimate hedge.