Without Fed QE, US Will be Close to Recession by Fall: Pro

5:00 AM ET Thu, 5 July 2012

"Most things out of the summit have been put off until next year, so with the euro zone already pretty much in recession, some support on quantitative easing or lower interest rates are certainly going to help smooth out that problem momentarily," Lance Roberts, CEO and Chief Economist at Street Talk Advisors, told CNBC.