1 year ago
Thursday, January 8, 2009
It's going to be a rough ride....
They called him "Dr. Doom" and ridiculed him when he warned about what was happening. That was 2006. He was right then, read what he has to say now:
“Because the United States is such a huge part of the global economy, there’s real reason to worry that an American financial virus could mark the beginning of a global economic contagion.” – Nouriel Roubini, March 2008 Last year’s worst-case scenarios came true. The global financial pandemic that I and others had warned about is now upon us. But we are still only in the early stages of this crisis. My predictions for the coming year, unfortunately, are even more dire: The bubbles, and there were many, have only begun to burst.
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