Nouriel Roubini appears to be sticking with his “U-Shaped Recession” call, at least for now. However, his stance seems much more cautious than before. Please consider Double-Dip Days by Nouriel Roubini. The global slowdown – already evident in second-quarter data for 2010 – will accelerate in the second half of the year. Fiscal stimulus will disappear as austerity programs take hold in most countries. Inventory adjustments, which boosted growth for a few quarters, will run their …

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Roubini Ponders the "L-Shaped Recession"