Yesterday, Meredith Whitney went on CNBC and said she hasn't been this bearish in a year. Ignoring the fact that we don't remember her ever really turning bullish in the first place, Whitney believes that the "recent market rally is not rooted in fundamentals and the U.S. economy is likely to fall back into recession next year." With Whitney getting all the headlines today as the biggest bear on the street, Nouriel Roubini is out upping the ante. In a New York Daily News column today, he says that the "worst is yet to come" and that "the damage will be extensive and severe unless bold policy action is undertaken now."
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