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May 28, 2009

Double-dip recession?

Iconoclastic and sometimes contrarian economist Nouriel Roubini says it’s quite possible.

That said, Roubini’s comments remind me of a couple of things.

First, iconoclastic contrarians usually revel in the attention they get by being … well, iconoclastic contrarians. And, I think Roubini’s reveling in spades.

Second, it’s economist joke time.

How does a contrarian economist get 60 percent of his predictions right?

“Regular” economists only get 40 percent right, right? …

Well, do the math, you non-economists.

That said, any second dip is likely to be less severe than the first one.

Unless other factors come in.

See, I could be an economist!

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