And now they have to die (pick who you'd like to lay down for the dirt nap now). Why am I getting so upset about this? Do you know how much time and effort it took me to take out a trademark on the name Dr. Doom? Production is nearly completed on a line of dolls (sorry, "action figures"), lunch boxes, and porta-potties bearing my name and mug, with plans for musk, if there's sufficient interest. It's Dr. Doom not Dr. Roses and Rim Jobs For Everybody. Infidels.
It has been widely reported today that I have stated that the recession will be over "this year" and that I have "improved" my economic outlook. Despite those reports - however - my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.
I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19months into that recession. If as I predicted the recession is over by year end, it will have lasted 24 months with a recovery only beginning in 2010. Simply put I am not forecasting economic growth before year's end.
Roubini Statement on the U.S. Economic Outlook [RGE Monitor]