The latest view from Nouriel Roubini is that there’s a whopping 40% chance of the U.S. economy double-dipping into recession due to the fact that the government is now helpless to defend against any unexpected economic shock which may occur.
“We have reached stall speed. Any shock at this point can tip you back into recession. With interbank spreads rising, you can get a vicious circle like 2008-2009,” he said,