Roubini: Too little too late! Level 3 assets Big Money Bomb!

By Webmaster - Posted on December 16th, 2007

Cheaprealty presents:

Everybody is holding cash and unwilling to lend in case they end up holding toxic waste. Recession is going to be in full swing next year, and the credit crunch is going to get worse.

Meanwhile, in Victoria, where "economists" like jmk know more about economics than Shiller, Schiff or Roubini, everything is rosy and prices are projected to continue their swift upswing another 10% next year.

Gee, sounds like things are getting better just in time for Christmas!

Hmm, maybe I'll replay that video from Roubini just to make sure....