Roubini: U.S Defenceless Against Double-Dip Recession

The latest from Nouriel Roubini  is that the U.S. has exhausted its policy arsenal, leaving it defenceless against a double-dip recession. “We have reached stall speed” Roubini told The Telepraph.” Any shock at this point can tip you back into recession. With interbank spreads rising, you can get a vicious circle like 2008-2009,” he said, describing a self-feeding process as the real economy and the credit system hurt each other. “There is a 40pc chance of double-dip recession in the US, and worse in Japan. Even if it is not technically a recession it will feel like it,” he added. – The Telepraph