Roubini: Economic Recovery To Be 'Very Ugly': "Nouriel Roubini, the economist whose dire forecasts earned him the nickname 'Doctor Doom', told CNBC Monday that the economic recovery is going to be 'very ugly.'
'The recovery is going to be subpar,' Roubini said. 'I see a one percent growth in the economy in the next few years. There will also be 11 percent unemployment next year and the recovery is going to be slow. It's going to feel like a recession even when it ends.'"
I hope he's wrong, but just being candid about it, I am afraid he's right.