News of the Optimism of "Dr. Doom" Have Been Premature

The wankers at CNBC reported that Dr. Nouriel Roubini said that he saw a recovery this year.

Not so, says the good doctor:

It has been widely reported today that I have stated that the recession will be over 'this year' and that I have 'improved' my economic outlook. Despite those reports - however – my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.

I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19 months into that recession. If, as I predicted, the recession is over by the end of the year, it will have lasted 24 months with a recovery only beginning in 2010. Simply put I am not forecasting economic growth before year’s end.

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Someone saw a headline from slipping a phrase, and took it.