CNBC tried spinning Nouriel Roubini’s statements into bullish bullshit
“I have also consistently argued that there is a risk of a double-dip W-shaped recession toward the end of 2010, as a tough policy dilemma will emerge next year: on one side, early exit from monetary and fiscal easing would tip the economy into a new recession as the recovery is anemic and deflationary pressures are dominant. On the other side, maintaining large budget deficits and continued monetization of such deficits would eventually increase long term interest rates (because of concerns about medium term fiscal sustainability and because of an increase in expected inflation) and thus would lead to a crowding out of private demand.
Why should you care?
His statements & opinions can move markets & a lot of influential people listen to him & respect him. Others know this & can believe “news” about his statements without digging beyond a single bullshit source.