Professor Roubini predicts 12-18 month US recession

[youtube=http://youtube.com/watch?v=51SxmcaKJIw&ref=patrick.net]
I met Professor Nouriel Roubini in Dubai when he addressed the poorly attended DIFC week. His gloomy logic seems a good deal more probable than the optimistic noises from the pundits of Wall Street. This is like a cascade of dropping shoes as the economy gets much worse before recovering. A long period of low interest rates and higher inflation look inevitable in this scenario.