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Carlyle's Rubenstein Says U.S. Recession `Inevitable' by 2018

  • Sees nation's economy growing 1 percent to 2 percent in 2015
  • 'Not happy' that Carlyle's stock is down 31% this year
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The U.S. will probably enter a recession in the next three years, Carlyle Group LP’s David Rubenstein said.

"At some point in the next year or two or three, you can expect a recession," Rubenstein, the co-founder of Washington-based Carlyle, said Friday in a television interview on “Bloomberg <GO>” with David Westin and Stephanie Ruhle. “We tend to have recessions every seven years, more or less, in the U.S. since World War II. It’s inevitable at some point.”