Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy's direction. In an interview with WSJ's Simon Constable, Roubini also says he's putting his money in cash. "This is not the time to be in risky assets," he says.
http://www.marketwatch.com/video/asset/roubini-warns-of-global-recession-risk-2011-08-11/C036B113-6D5F-4524-A5AF-DF2F3E2F8735#!C036B113-6D5F-4524-A5AF-DF2F3E2F8735This is a good video interview on the main problem with the US economy: lack of aggregate demand.