Roubini Sees Less Than 1% Growth in Q3, 40% Chance of Recession

FYI: Nouriel Roubini sees less than 1% GDP growth for Q3 and a 40% chance of recession. He tweeted this today:
"Q3 GDP growth very likely to be below 1%; and likely to be closer to 0% than to a pathetically lousy 1%. So double dip risk is now > 40%" (source: Twitter)

Also from a Bloomberg article:
“With growth at a stall speed of 1 percent or below, the stock markets could sharply correct, and credit spreads and interbank spreads widen while global risk aversion sharply increases,” (source:

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