Speaking at the Ambrosetti conference on Lake Como in Lombardy, Italy Dr Roubini poured cold water on the idea that a new round of Quantitative Easing would solve the problem and put a 40% chance in the double dip occurring. He is also predicting that the US growth rate was destined for a figure less [...]

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Why Government Stimulus Spending Isn’t Working This Time
For the first time in American history, government stimulus is falling flat on its face. It’s starting to become apparent that the record stimulus being thrown at our economy is not going to pull us out of this recession/depression. Why?
Because according to Dent’s research, for the first time [...]

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Most signs point to a slow and steady recovery, but what if the pessimists are right, again? What if the United States isn’t in the slow-lane to recovery, but rather on the precipice of another decline — a double dip?
To see where this re-recession might begin, my colleague Dan Indiviglio and I imagined five financial [...]

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The Double-Dip recession I’ve been predicting for some time is deepening. And nowhere is the emergence of this powerful economic force more clear than in the housing market.
All the fresh economic data confirms that home sales are weakening … home inventories are rising … and home price pressure is building.
Meanwhile, we’re seeing a [...]

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But we can safely predict what he and other officials will say about where we are right now: that the economy is continuing to recover, albeit more slowly than they would like. Unfortunately, that’s not true: this isn’t a recovery, in any sense that matters. And policy makers should be doing everything they can to [...]

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High debt — across households, companies and countries — poses the greatest threat to economic recovery, Mr. Trichet said at an annual Fed policy symposium here, before a gathering of about 100 economists and government officials, including Mr. Bernanke, who had addressed the gathering a few hours earlier.
Trichet Cites High Debt as Biggest Threat [...]

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Economists Vincent and Carmen Reinhart offer a grim tour of the economic landscape after financial crises — one plagued by slow economic growth and high unemployment — in the kickoff paper up for discussion at the Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole.
After Crises, Slow Income Growth and High Unemployment [...]

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FROM THE ECONOMIST INTELLIGENCE UNIT
The global economic recovery is running out of steam. Policy stimulus is wearing off in many countries, and recent developments in the US and China give special cause for concern. On our baseline forecasts, the Economist Intelligence Unit forecasts robust world GDP growth of 4.5% (at purchasing power parity) in 2010, [...]

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The U.S. economy faces even more difficult times ahead with chronic high unemployment rates and slow manufacturing growth hurting the recovery, Congressional Budget Office Director Douglas Elmendorf said on Thursday.
Difficult economic times ahead, CBO warns – Business – Stocks & economy – msnbc.com

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But what does it really mean for China to be the No. 2 economy in the world, let alone the No. 1? And what could practically stand in the way of China eventually becoming the world’s biggest economy?The all-important demographics
For one, says Nicholas Lardy, senior fellow with the Peter G. Peterson Institute for International Economics, [...]

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