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Nouriel Roubini (Dr Doom). Sky News 19:30

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Dr. Doom

Two years ago, Nouriel Roubini predicted the current economic crisis. Now he sees things becoming far worse.

BY STEPHEN MIHM

Published: August 15, 2008, New York Times Sunday Magazine

On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt. These developments, he went on, could cripple or destroy hedge funds, investment banks and other major financial institutions like Fannie Mae and Freddie Mac.

On Sky news tonight at 7.30

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He is also in two films (Wall Street: Money Never Sleeps and Inside Job) and was on 'Today' this morning shortly before 9:00 if you want to look on iplayer.

Edited by DaisyB

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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