Thursday, October 7, 2010

Roubini Sees 40% Chance Of Double-Dip; Volcker Predicts 'Prolonged' Unemployment

I knew about the comments from Roubini, but I didn't know about the comments from Volcker.
"This has not been an ordinary recession," Volcker, who chairs the president's Economic Recovery Advisory Board, said in a Toronto speech Thursday, according to Bloomberg, and he added that it's "very difficult to find a sector in the American economy that has any spark to it."
And today the Gallup Unemployment rate came out today. Some experts are stating that we have until 2014 before this are back to pre-recession norms.

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