U instead of W?

Nouriel Roubini has adjusted his conclusions. Instead of W-shaped recovery, this (now) should be an U-shaped one. The news keep surprising for the better. That's why it's called a recovery, after all.

In Thoughts on Where We Are,
Nouriel clarifies the growth scenarios that make the U-shaped recovery
more likely and discusses why it is unlikely that the Fed will raise
rates any time soon.