Nouriel Roubini warns a double-dip recession is possible, and also warns that commodities speculators are getting out of hand.
The second warning certainly applies to the US above all, followed by the UK. Ditto, I believe, on the first count. Germany and France are already out of recession; China appears to be headed that way.
Twould be funny indeed (ignoring the suffering value), if “old ‘socialistic’ Europe” recovered faster than the US or UK, the most hypercapitalist western nations.
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