Nouriel Roubini comments on Newsweek Cover stories

January 31st, 2008 by GoldSilver | Posted in Economic News |

Newsweek: “The Road to Recession”, “The U.S. Economy Faces the Guillotine” and “Goodbye to the Bulls?”

The cover page on Newsweek magazine this week is titled “The Road to Recession”. The fact that this cover story title is written without even a question mark is a signal of how far the consensus has moved towards the recognition of an unavoidable recession that has actually already started.

And if the cover title was not clear enough the title of the cover story in the magazine is “The U.S. Economy Faces the Guillotine”. In this cover story the author not only discusses how a US recession is now unavoidable; he also dismisses the hypothesis that the rest of the world can “decouple” from this US hard landing. The fact that yours truly is cited throughout the magazine is no surprise.

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