Economy Much Worse Than Roubini Predicted

Posted by Dan Rogers on Thursday, April 16, 2009 Under: Economy
Fed Chairman Bernanke raised eyebrows (and, briefly, the market) last week when said there's a "reasonable prospect" the economy will bottom this year and be in recovery in 2010.

But Berkshire Hathaway's Warren Buffett disagrees: The economy "will be in shambles throughout 2009 and...probably well beyond," the Oracle of Omaha declared this weekend.

In sum, Buffett and much of the rest of humanity are just now coming around to Nouriel Robuini's way of thinking, the economist known as "Dr. Doom" is upping the ante on his longstanding bearish views.

A year ago Roubini was forecasting an 18-month recession with a U-shaped recovery; now, he's now expecting the downturn to last at least 24 months and possibly 36-months. He also sees rising risks of a Japanese-style L-shaped stagnation, i.e. a prolonged period with little or no economic growth.

"I was one of most bearish people [but] the economy has surprised the bears on the downside," says Roubini of NYU's Stern School and RGE Monitor. "What's happening in the world now is scary."

Indeed, while the U.S. economy contracted 6.2% in the fourth-quarter, Roubini's main concern is economic activity in much of the rest of the world is in much worse shape. And while he is often critical of U.S. policymakers - including over the stimulus package, Fed policy and bank bailouts - Roubini says "the rest of the world is way behind the curve," in terms of doing the "right things" to confront the worst economic crisis since the 1930s.

Visit Hydro-Force fuel at; www.hydroforcefuel.com Find out how we can help you begin to stabilize your economic status. Hydro-Force Fuel is Creating Jobs even during this economic crunch.

In : Economy 


Tags: economy obama recovery u.s. stimulus hydro force fuel jobs market economic critical package crisis 

 

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About Hydro-Force Fuel, LLC


Dan Rogers - CEO The Garage Inventor is the spirit of American enterprise. The garage is an essential part of the corporate origin. A company that starts in a garage lends itself to corporate grit, homespun roots in a humble way. The American Garage has become the workplace of American ingenuity. Americas great companies; Hewlett Packard, Apple Computer, Walt Disney, Medtronics and Google were each launched in a garage, by developing a far-sighted idea, which ended up creating a whole new market. Hydro-Force Fuel, LLC of Glendale Arizona, is another great company in this tradition. Hydro-Force Fuel has taken a bold first step towards giving car owners the gift of hydrogen supplemental power. As public awareness rises and customer demand increases Hydro-Force Fuel will become America's answer to the energy crisis. Dan Rogers represents many other garage inventors who see a need in our society and seek to fill it. It is his pioneering spirit and the spirit of others like him that will spur on the advancement in automotive technology from a grassroots level to mainstream hydrogen for everyone.

Our Mission Statement

The Hydro-Force Fuel business model is designed to not only create an American made product, but also to create American jobs. Each Dealer/Installer is an independent business owner. 1500 to 2000 Dealer/Installers are expected to be created in the next several years, creating up to 6000 good paying American jobs.
Dan Rogers has done all of the research for this hydrogen injection system through years of working on his own car, refining his product to launch a National business.

 

Dan Rogers

Background and Training

Dan Rogers, Inventor and Owner of Hydro-Force Fuel, LLC was born in 1962 and raised in Phoenix, Arizona.
In the mid 80s, Dan moved to Granby, Colorado to raise his son in the Colo. Rocky Mountain environment, and in 1995, returned to the Phoenix area and now resides in Glendale, AZ.
Dan has accumulated decades of experience in Computor Programming, Electronics Repair, Commercial Electrical, Automotive, and 7 years of Engineering and Auto Cad Design.
By combining all of his years of experience, he has developed what is the most safe and sought after products in todays market. A vehicle add on product that saves gas, money, and helps fight Global Warming.

 

 

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