(παλαιός) Roubini

We could end up ... with a 36-month recession, that could be "L-shaped stagnation, or near depression," Roubini said. He puts the chance of a severe U-shaped recession at 66.7 percent, and a less severe L-shaped recession at 33.3 percent. ...
"We are in the 15th month of a recession," said Nouriel Roubini.
"Growth is going to be close to zero and unemployment rate well above 10 percent into next year."
Echoing a speech he made earlier in the day, Roubini said he sees "no hope for the recession ending in 2009 and will more than likely last into 2010." ...
"The market friendly view for the banks is nationalization," said Roubini. "Temporarily take over the banks, clean them up and get them working again." ...Among his solutions: fix the housing market by breaking "every mortgage contract."

http://www.cnbc.com/id/29598949