Tuesday, March 3, 2009

Checking In With Dr. Doom

TIME interviews Nouriel Roubini:

"We're in the worst global synchronized recession in the last 60 years. Unless we take the right policy actions, we'll end up in a near depression. I did not want to use that term six months ago. At that time, I said the chances of a near depression were only 10%. But today those chances are 33% or so."

(image credit: Win McNamee/Getty)