Nouriel Roubini, or RGE Monitor and NYU Stern School of Business, appeared on CNBC, January 15, 2009, to discuss his outlook for 2009. Roubini's best-case call is a U-shaped recovery from this now synchronized global recession we're in, if the authorities can turn around the situation in the financial sector, which is by his account, "effectively insolvent." If not, we could enter into a period of economic stagnation combined with deflation, similar to Japan. He is joined by 2001 Nobel Laureate, Michael Spence.
Roubini clings to the notion that "the worst is yet to come."
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