Tuesday, December 11, 2007

The consensus is moving from the soft vs. hard landing debate towards how severe the hard landing will be

Source: Nouriel Roubini's Global EconoMonitor

"While a few months ago analysts were still heatedly debating whether the US would experience a soft landing or a hard landing (a recession) the center of the macro debate has now clearly shifted away from soft landing versus hard landing discussion to a recognition that a hard landing is the most likely scenario; thus, increasingly now the debate is on how deep and severe the forthcoming hard landing will be..."

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