Nouriel Roubini says comments taken out of context

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http://www.marketwatch.com/story ... aken-out-of-context

By Kate Gibson

NEW YORK (MarketWatch) -- Economist Nouriel Roubini on Thursday refuted reports that he had improved his economic outlook, saying his comments at an investors conference earlier in the day were taken out of context. "I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19 months into that recession. If as I predicted the recession is over by year end, it will have lasted 24 months with a recovery only beginning in 2010," Roubini said in a statement.

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