Nouriel Roubini - Barron's Interview

This is a must read interview of Nouriel Roubini at Barrons.
He has posted on his website here:

* Roubini raised his expectation of losses from $1 trillion to $2 trillion.

*Expects a W recession. Recession to continue for 18 months.

* Even with rebate checks, retail sales in June were up only 0.1%. What happens next quarter when there are no rebate checks?