Nov 29, 2011

The Fiscal Drag On The US Economy

"If the economy is growing only 1.5 percent to 2 percent and you get a fiscal drag of 1.3 percent — that's the difference between a growth recession and effectively zero growth." -

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Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.