Bad businesses have not been allowed to fail, bad assets remain on corporate balance sheets

Nouriel Roubini: The risk of a double-dip recession is rising

By Matthew Vadum —— Bio and Archives--August 24, 2009

American Politics, News | Comments | Back To Full Article

Economist Nouriel Roubini says in a Financial Times op-ed more or less what I’ve been saying since last fall (he says it better than I ever could): there is not yet light at the end of the economic tunnel. The recession is not over.

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