[lbo-talk] Roubini

SA s11131978 at gmail.com
Wed Jan 7 17:54:25 PST 2009


Doug Henwood wrote:


> A peak unemployment rate of 9% is ugly, but it's 2 points below the
> late-1982 peak. From his rep, you'd think the guy was calling for a
> more end of the world rate, like 15%.

Sorry for digging this up from the archives, but I just want to put this on record: I think Roubini is crazy if he thinks unemployment will peak at 9%. I would be shocked if it didn't get into double-digits.

SA



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