Dr. Doom Says The Economy Will Improve … Eventually

Contrarian economist Nouriel Roubini — nicknamed “Dr. Doom” because he predicted the global economic collapse long before it happened — sat down with the editors of Consumer Reports for a lengthy interview recently, and shared his thoughts about what’s next.

The good news: Things will get better … in a couple of years.

The bad news: Things will get better … in a couple of years.

Roubini predicts that unemployment rates will continue to rise, growth will be slow when the economy eventually picks up again, and that deflation will remain a nasty problem. But, hey, at least the dollar has stabilized against the Latverian Franc.

Nouriel Roubini video interview series [Consumer Reports Money & Shopping Blog]
(Photo: tksummers)