Economist Roubini expects ‘anemic’ US recovery — and a ‘Greater Depression’ looms

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Nouriel Roubini expects the near-term economic recovery from the coronavirus crisis to be relatively weak, the famed economist told Yahoo Finance in an interview, potentially giving way to an even deeper downturn further down the road.

Until very recently, investors have been aggressively ramping up expectations of a ‘V-shaped’ rebound — until COVID-19 infections began surging nationwide.

However, the the chairman and CEO of Roubini Macro Associates and NYU Stern economics professor explained to Yahoo Finance that a recovery is likely to be more elongated and sluggish — more like a ‘U-shaped’ recovery.

“Both firms and households are going to be spending less and saving more. That implies a very anemic U-shape recovery,” Roubini told “The Ticker” in a broad discussion on Monday.

And Roubini — whose bearish predictions have earned him the nickname of “Dr. Doom” — expects a tepid recovery to eventually morph into a depression even more severe than the 1930s.

While the recovery will start to look like a ‘V’ at the start, it will “soon go into a U,” the economist added. There’s also a risk of a ‘W’, with growth sinking into a double-dip recession if COVID-19 infection rates continue to spike, prompting more lockdowns and pushing the economy into a new contraction.

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It’s not a Mining Stock, ETF, or Bullion – but this virtually unknown $7 investment could hand you a small fortune as gold soars higher

The bull market in gold is finally here.

Since bottoming in August of 2018, gold has soared past $1,400 per ounce… $1,500 per ounce…

And earlier this week, gold just passed the $1,600 threshold for the first time in 7 years.

Many senior analysts at our research firm are predicting it could go much higher this year.

And it’s not just the “gold bugs” saying this. Some long-time gold critics have abruptly changed their tune.

Sam Zell, a man who created a $5.5 Billion fortune in real estate, recently said:

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In short, this could be the best moment in decades to get in on gold.

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