Originally published on Wed December 7, 2011 5:16 pm
The economist known as "Dr. Doom" for his 2008 recession prediction says the world may be headed for another financial crisis.
New York University professor Nouriel Roubini said Wednesday that Europe's debt troubles are so profound that the continent is falling into a "recession that will get worse and worse."
And a deep recession likely will lead to another financial panic that could spread around the world — an outcome that will be " very painful," he said.
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