by Bill McBride on 4/25/2008 01:54:00 PM
Friday, April 25, 2008
From CNBC: Nobel Winner Stiglitz: US Facing Long Recession (hat tip squeezed)
The U.S. economy is already in recession -- and may echo the 1930s, Nobel Laureate Joseph Stiglitz said Friday.See video at CNBC: "Roubini is not far off."
"This is going to be one of the worst economic downturns since the Great Depression," said Stiglitz.
Posted by Bill McBride on 4/25/2008 01:54:00 PM