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Renowned Economist Warns Of Severe Depression Without “Massive New Stimulus” (More Economic Woes)

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Renowned Economist Warns Of Severe Depression Without “Massive New Stimulus”
Could hit as early as next year
Steve Watson
Infowars.com
Sept 12, 2011
Renowned Economist Nouriel Roubini, says that unless world governments release massive new fiscal stimulus, there will be another Great Depression, possibly within one year.
Roubini, who predicted the 2008 crash and has been predicting a double dip recession for some time, has even revised his previous “perfect storm” prediction for 2013 and now suggests that a grave economic downturn is even closer.
“I thought a few months ago that the perfect storm would be 2013, but now, the economic weakness in the U.S., eurozone and U.K. is front-loaded.” Roubini told Bloomberg News.
“So we’re going to double-dip earlier. The climax of it could be 2013 or it could be already earlier.” Roubini added.
Earlier this month, the economist, often dubbed Dr Doom owing to his stark and bearish financial predictions, stated that he feels there is a 60 percent pr…