Roubini Sees Increasing Risk of Double-Dip Recession (Update1) - Bloomberg.com

Roubini Sees Increasing Risk of Double-Dip Recession (Update1) - Bloomberg.com: "“Last year, oil at $145 a barrel was a tipping point for the global economy as it created negative terms of trade and a disposable income shock for oil-importing economies,” he said. “The global economy could not withstand another contractionary shock if similar speculation drives oil rapidly toward $100 a barrel.”"