Recession Isn't My Greatest Fear
A whiff of recession smoke seems to have entered the room, and those of a pessimistic bent can already see the flicker of flames outside the window. Nouriel Roubini, an economist at New York University who was worried about a global recession in 2004, is now predicting that "the U.S. is heading toward a sharp recession by early 2007." In his view, "current economic and financial conditions in the U.S. eerily resemble those that led to the stock market crash in October, 1987."
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