Saturday, September 5, 2009

Who Is Nouriel Roubini Hanging Out with This Week?

The man who can claim the pre-White House Larry Summers as an advisor and silent partner, Nouriel Roubini, is on the shores of Lake Como in Italy.

He spoke there at the Ambrosetti Workshop. According to Ambrose Evans-Pritchard, the Workshop is "a sort of Davos/Bliderberg for food-loving policy the Villa D’Este (an ultra-posh hotel on the lake)"

Roubini said that the best we can hope for is a long-hard slog for two or three years, with a rising risk of a double dip into “W-shaped” recession. I'm really not entirely sure how Roubini reaches his conclusions (I think he is a data dog), but it is right in line with the thinking here at EPJ.

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