Dr. Doom finally capitulates: Global recovery by the end of the year.

(Okay, yes, a double-dip is still a possibility--for lots of good reasons. And before you bash Nouriel for missing the turn, at least admit that he got the recession a heck of a lot more right than most people. And he did turn less negative several months ago.)

And note that he still thinks house prices will drop a total of 40%.