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Remember Mr. Roubini? Now He Says the Worst is Yet to Come!
By JLP | October 27, 2008
A couple of months ago I mentioned an interview with Nouriel Roubini, Economist and Professor at New York University. It turns out his assessment on the credit crisis was spot-on. Now he’s a busy man traveling all over the world, talking to people about crisis and what’s to be expected.
Guess what?
He fears the WORST is still to come! From the article:
What does Roubini think is going to happen next? Rather worryingly, in London last Thursday he predicted that hundreds of hedge funds will go bust and stock markets may soon have to shut—perhaps for as long as a week—in order to stem the panic selling now sweeping the world.
That’s right, all the stuff we’ve already gone through is nothing compared to what we face in the near future. Is he right? Let’s hope not!
Topics: Miscellaneous |