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Tuesday, July 21, 2009

Recession over!!!

Recession will be over by the end of 2009
The recession facing the global economy would last 24 months and — after having started in December 2007 — would be over by the end of this year, Nouriel Roubini chairman of said.
This is the big news or say futuristic happiness for us who are suffering. Surely this recession hurts a lot and effects every body either directly or indirectly.
In an interview to CNBC, Roubini, recognized as one of the few people who foresaw the financial crisis beforehand, added that the recovery would be weak.

Roubini also spoke on the equity markets and said global indices may not re-test their March lows. “The March lows were pricing in a near depression and the collapse of the financials system but within the current levels and lows of the March, there is a meaningful risk of a correction if the economy is going to surprise on the downside as expected.”

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