Monday, November 16, 2009

Well, I'm feeling more optimistic now

Nouriel Roubini warns that the worst is yet to come. Forget all the happy talk about green shoots and recovery. Oh, and Roubini has a message for the White House and Congress: make a bold statement and pass another stimulus package, asap. Unfortunately, with the vast majority of both major US parties' members having drunk so much of that neoliberal kool-aid that they can't see straight, extra stimulus might be a hard sell. Instead, we'll just repeat the mistakes of the Hoover years. Happy days are here again, folks.

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