Roubini: Double-dip recession still possible

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The United States, Europe and Japan still face the possibility of a double-dip recession ... economist Nouriel Roubini told CNBC Monday.

...

The double-dip is still possible because of very large budget deficits that are being monetized by monetary-policy authorities, Roubini, co-founder and chairman of RGE Monitor, said, speaking at the Diggers and Dealers mining conference in Kalgoorlie, Australia.

If central banks continue to monetize the deficits, "long-term bond yields may go higher, and they may crowd out the economic recovery leading to a double dip," he said.

http://www.cnbc.com/id/32265635

[dalegg 143]

double dip? did we undip already? did I miss the whole jolt.