The NYU professor said chances of a hard landing are higher as a combo of factors punishes the US. These include higher interest rates, sticky inflation, and a credit squeeze, Roubini said. Doom', doubled down on dire warnings about the US, saying the nation is headed for a recession as a combo of higher interest rates, sticky inflation, and a credit squeeze barrel the economy. That's due to concerns about sticky inflation – a market condition where prices remain resistant to change. Whether that recession is going to be short and shallow as opposed to more severe depends on many factors," Roubini said.

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Persons: Doom, Roubini, —, Nouriel Roubini, it's, China doesn't bode Organizations: Service, Yahoo Finance, Federal Reserve Locations: China