Nouriel Roubini, in bearish form as usual, is predicting that this week’s stock market rally, after a 10% correction from October through Monday, is the last gasp before we slide into recession.

But the most sensible interpretation of the upward move on Tuesday and Wednesday this week… is that this is the last leg of a sucker’s rally (or dead cat’s bounce) driven by wishful hopes that the Fed easing will prevent a recession.

Dead cat’s bounce: it’s a real term! I love economics.