Roubini: We're in a U-shaped Recession

Dr. Doom, aka Dr. Realist, has an interview with Newsweek/Washington Post writer Lally Weymouth.

Roubini says:

No, I am not Dr. Doom. I am Dr. Realist. I don't believe we are going to end up in a near-depression. Six months ago I was more worried about an L-shaped near-depression. Today, after the very aggressive policy actions taken by the U.S. and other countries . . . we are, instead, in the middle of a U.