Wednesday, Feb 27, 2008
Roubini: Recession May Last Up to Six Quarters
Bloomberg: Roubini Interview Video
Only 5 minutes but worth a watch. Roubini is a bearish economist who has been spot on about the housing bubble.
Posted by happyrenterz @ 01:21 PM (484 views) Add Comment
5 Comments
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1. happyrenterz said...
2. alan said...
The US banks and experts are trying to talk themselves out of a hole.
It must be annoying when Nouriel comes along and points out the holes in the logic!
Nice interview, the recession/sub prime topics are beginning to feature in US election broadcasts. Obama mentioned them on a BBC video today.
3. hpwatcher said...
I think they will find that it will last a lot more than 6.......
Why are these people putting daft limits on things?
4. Plato said...
Why are these people putting daft limits on things?
This is still a kind of Denial designed to avoid panicking the markets 'prematurely' at all costs. A stealthy move toward "We told you so," when they are so deep in it that there will be no hope of avoiding,let alone reversing the inevitable crashes that are surfacing daily.
This is the reason for the time limits which leave room for an escape clause,just in case a miracle happens.
A Political manoeuvre using a near certainty but playing safe.
5. happyrenterz said...
Roubini Testifies to Congress