> There is no consensus among forecasters
> that there's going to be a serious
> recession. Consensus forecasts on GDP
> are weakly positive for this year and
> next. The leading indicators are negative,
> but mildly so. Even Roubini doesn't expect
> armageddon - I personally heard him say
> this to the Council on Foreign Relations.
You can hear Roubini say it again, here:
http://bigpicture.typepad.com/comments/2008/07/video-nouriel-r.html
... complete with wooshing graphics.
Shane