05/27/2009 05:12 am ET | Updated May 25, 2011

Nouriel Roubini Discusses Economic Crisis: Bottom Is Still A Year Off

Most other economists rolled their eyes when Nouriel Roubini warned in a September 2006 speech to the International Monetary Fund that the global bubble was going to burst. They nicknamed him "Dr. Doom"--and then the hard times hit. As finance ministers and central bankers from the world's major economic powers gather in Washington this weekend, they might consider listening to what Roubini has to say now. The New York University professor told NEWSWEEK's Lally Weymouth why he sees more trouble ahead and what the recovery will look like. Excerpts:

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