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IPFS News Link • Economy - Economics USA

Nouriel Roubini warns against Japan-like L-shaped near-depression

2-06-09 • bi-me.com/

Keep alive zombie banks and zombie corporations with balance sheets and debts that haven't been restructured, as in Japan, and you end up in an L-shaped near-depression, Roubini said.

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Reported By Jack Gregson

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1 Comments in Response to Nouriel Roubini warns against Japan-like L-shaped near-depression

Comment by foundZero

Entered on: 2/6/2009 2:28:52 PM

Oh ok. A near-depression. Not a severe recession but a "depression lite". Perhaps a quasi-depression or a semi or demi-depression. An L depression. Or a Y depression as in "why keep inventing terms for stuff you really don't understand?"

I'm looking for a U-shaped depression, or perhaps a U-Me-shaped depression with U and Me in the bottom and THEM doing just fine up on top. I just calls 'em like I sees 'em.

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