roubini

Top Economists See Consumers Rebounding Faster

Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And the head of the IMF was explicit Monday: A double dip is unlikely.

Dr. Doom's Latest Prediction: Over 400 Banks Will Fail

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, it will still feel like a recession, and more than 400 U.S. banks will likely fail.

'Dr. Doom': 40% Chance of a Double-Dip

Like many economists, Roubini predicts that second-quarter gross domestic product growth will be revised down to an a annual rate of 1.2% from an initial reading of 2.4%. Additionally, a "series of tailwinds in the first half of the year ... are going to be essentially headwinds" in the second half. He now pegs the chances of a "double dip" recession at 40%.

Why the Dollar
May Rally

A few years ago, ever-rising home prices seemed like a sure bet. Today, Wall Street's sure bet is a weak and falling dollar. But investors would be wise to consider what would happen if the conventional wisdom falls short again.

'Dr. Doom' needs a new nickname

Economist Nouriel Roubini, known as "Dr. Doom" for his pessimistic views on the economy over the last few years, may need a new nickname. The New...