Speaking to CNBC, Roubini has so many worries that one will truly feel the same after watch him talking. These are the negative points I can catch:
1. Economy will grow slower than before because consumers are delevering their balance sheet.
2. The economy might have a double-dip recession and at best a slow growth U-shape type recovery.
3. Housing supplier due to foreclosure outnumbers demand so much that we can stop building new houses altogether for one year for the investory to decline.
4. House price might fall another 12% from its peak to make a total fall of 40% from its peak.
5. Rather than having another big-shock event like Lehman Brother failure, economy will subject to death by a thousand cuts. By the end of the day, 1,000 financial institutes may go under.
6. Roubini disagreed with Bernake on many measuries in rescuing the financial comapnies, but became positive towards him for avoiding Great Depression. That is about the only positive thing he said in the 10' interview:
Roubini repeated some of the same points in this Forbes interview. This one is shorter.
