liquidity trap

Just about everyone expects the Federal Reserve to announce a bond-buying program with the goal of stimulating the economy. But not many observers think it's a good idea -- and the chorus of critics is only getting louder.

Nouriel Roubini, the renowned NYU economics professor with the nickname "Dr. Doom," has offered up another dire prediction: Even if the U.S. and Europe manage to avoid a double-dip recession, more than 400 U.S. banks will likely fail.

Economist Nouriel Roubini, known for his dire predictions about the economy, is once again living up to his nickname "Dr. Doom." Due to continuing economic troubles, Roubini pegs the chances of a double dip recession at 40%.