Nouriel Roubini, who expects the recession to last for at least another year, offers practical advice to overstressed consumers (see video). Roubini accurately predicted the current financial crisis long before others. He is a professor of economics at New York University’s Stern School of Business and chairman of RGE Monitor, an economic consultancy firm.

Roubini spoke recently with the staff of Consumers Union. This is the second in a five-part series.

Part 1: It’s not all bad news