Economist Nouriel Roubini, who goes by the nickname 'Doctor Doom' by Wall Street, said that as the credit crunch intensifies in the system, there will be a recession in the US economy.
Nouriel "Dr. Doom" Roubini is warning that the U.S. banking crisis could spread and cause the economy to experience a hard landing and enter a recession.
Nouriel Dr. Doom Roubini warns banking crisis could spread globally, Roubini Macro Associates CEO Nouriel Roubini discusses the state of U.S. banking, telling The Claman Countdown many regional banks are insolvent right now,