Grudge 3 the download.jpg” rel=”attachment wp-att-19512″>Likening our fate to one of the apocalyptic films on Dan’s list is probably a more optimistic outlook on the future of civilization than NYU Stern Professor Nouriel Roubini’s latest column about the economic crisis for NY Daily News.

He predicts unemployment will rise throughout 2010 and plateau at 11% for at least two years. Roubini cites the weak labor markets as a possible catalyst for a (terrifying) double dip recession. To avoid imminent doom, he advocates “a bold prescription that increases the fiscal stimulus with another round of labor-intensive, shovel-ready infrastructure projects, helps fiscally strapped state and local governments and provides a temporary tax credit to the private sector to hire more workers.”

What’s he basing all this off? Well, I’ve hidden the facts listed in his article after the jump to give fair warning to anyone who isn’t a freshman: it’s grim reading if you plan on entering the job market before 2013.

And if reading that was not masochistic enough, check out Paul Krugman’s Op-Ed for The New York Times about how China’s currency policy will augment US trade deficit.

Photo from Flickr user dr. motte under the Creative Commons License