Wednesday, March 19, 2008
This was all predicted
'12-Step Scenario' Forecasts Meltdown of US Economy
Is the U.S. economy heading for a total meltdown? A Samsung Securities report released on Tuesday that cites a hypothesis by economist Nouriel Roubini suggests it may be. "A 12-step scenario for descent to financial disaster presented in 2006 by Nouriel Roubini, a professor at New York University's Stern School of Business, is turning into reality," the report said. Ultra-pessimist Roubini outlined his 12-step scenario for U.S. economic and financial meltdown in July 2006. In the first step to financial disaster, he cites the housing recession -- the worst in U.S. history.
Posted by matt_the_hat @ 07:14 AM (539 views)
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paul says:
Has anyone here seen “Team America”?