Roubini on CNBC: March 2009

Now here's Roubini on CNBC. Notice the subtle differences in what he's saying between October and March. In this video, he puts the risk of "an L-shaped recession" at 30%. An 'L-shaped recession' is a pseudonym that professors & academics use in public instead of using the word, "depression." This is to avoid being labeled as an alarmist by their peers.