The US will face a housing bust and deep recession.



Nouriel Roubini : Economist
“In 2006 [Roubini] made an address to the IMF in which he predicted that, among other things, the US economy was at risk of a housing bust and deep recession that would have dire consequences for the rest of the world.”


http://www.guardian.co.uk/business/2009/jan/24/nouriel-roubini-credit-crunch