We Are in ‘Worse Situation’ Than in 2008: Roubini
The world’s developed economies are trapped at the “stall speed” of low growth and need to have greater fiscal stimulus and less austerity to kick-start growth, leading economist Nouriel Roubini told CNBC Friday.
http://www.cnbc.com/id/44368995
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Sunday, 4 September 2011
Gerald Celente: Economy is going to get much worse
A recent report reveals that the US created zero new jobs last month. The last time this happened was in 1945. The unemployment rate is still at 9.1% and projected numbers for the next year show the average unemployment rate at about 9%. With these numbers, many Americans question if President Obama’s jobs creation plan, due to be unveiled next week, will have any effect on the economy. Gerald Celente, director at Trends Research Institute, helps us peer into the future.
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