Dr. Doom sees risk of a double-dip recession

You weren't expecting an all-clear message from one of the world's most cautious economists, were you?

Nouriel 'Dr. Doom' Roubini, the New York University professor who two years ago predicted the global financial crisis, said the risk of a double-dip recession for the global economy is rising due to the decline in monetary and fiscal stimulus.

In a op-ed column in The Financial Times, Roubini forecast that the global economy will bottom in the second half of 2009. The recession will not end in the U.S., U.K., and in selected other European countries before the end of the year, he said, adding that the recovery has already started in China, France, Germany, Australia, and Japan.