nouriel roubini
Roubini: Credit losses from the crisis up to $1.6 Trillion
A few months ago, estimates of losses in financial markets related to the subprime credit crunch were around a trillion dollars. And a few months before that, the estimates were around 400 billion.
Now Nouriel is talking about 1.6 trillion dollars of financial losses.
In case anyone thought a bunch of positive signals plucked from government and industry reports equals a shallow recession, Nouriel practically says, "Not so fast...." There are a lot of headwinds for the economy to struggle against.
Roubini: Too little too late! Level 3 assets Big Money Bomb!
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....
Roubini still pessimistic over economy - 1, 2, 3
Nouriel Roubini is downbeat but as convincing as ever. Check this out.
Roubini: U shaped recession.
This is from the end of April, just saw it. Roubini said this will be one of the most severe recessions in decades. What do you think?
Nouriel Roubini View on the Global Economy
Professor Roubini. A wide ranging interview covering global conditions, not just american financial conditions.
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