Roubini - it ain't over yet.

Discussion in 'Wall St. News' started by W4rl0ck, Oct 29, 2008.

  1. W4rl0ck

    W4rl0ck

    He's a meany.

    Love how he sounds like Dracula. Perfect for Halloween. :D


    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/ZBNX3pwGcRI&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/ZBNX3pwGcRI&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>

    http://www.youtube.com/watch?v=ZBNX3pwGcRI
     
  2. I only have a BA in economics so I'll defer to Roubini.
    I think he is correct.
    The economic environment is terrible for the next 2-3 qtrs. At best it will only be another 2-3 qtrs but that is highly unlikely.
    With all the problems out there this recession will go a minimum 24 months .
     
  3. "They" say... that when credit bubbles have burst in the past it has taken "a long time" to recover... I suspect 24 months is too short, too.
     
  4. Boo hoo hoo Roubini is a fool
     
  5. I agree. It could be a looooooooooong one.
    But No one knows for sure.
    If we didn'tg have all the crap and problems out there we could have had a short shallow recession.
    I can't see how we get out of this fast.
    Not much light at the end of the tunnel.

    Such a tight credit environment is terrible for the economy.
    Economies need the opposite. Lenders willing to lend and spur economic growth.
    But now banks don't even want to lend to other banks let alone finance corporate growth.

    Home and auto financing is in the toilet.
    That alone is Not very good for stimulating economic growth.

    It's going to be a crappy holiday season for this country for a lot of americans.


     
  6. This non-trading asshole is part of the doom-n-gloom camp. He is also in the Council on Foreign Relations. Beware.
     
  7. If Jim Rogers says this guy is a fool I believe he is a fool.
     
  8. smart guy, but no one knows whats going to happen.