A slew of poor economic data over the past two weeks suggests that the U.S. economy is headed for a U-shaped recovery–at best–in 2010. The macro news, including data on consumer confidence, home sales, construction and employment, actually suggests a significant downside risk even to the anemic levels of growth which I forecast for H1 (the first half of the year). The U.S. faces continued challenges in H2–particularly as historic levels of fiscal stimulus fade–and appears far too close to the tipping point of a double-dip recession.

……read more Roubini HERE. – The Recovery is Real – Get on Board say’s Asset Mgmt Giant BlackRock’s Bob Doll in a debate vs David Rosenberg HERE