[Homestead] Roubini: global systemic financial meltdown and severe global depression risk

bob ford bobford79 at yahoo.com
Fri Oct 10 00:46:18 EDT 2008


Nouriel Roubini is sometimes quoted by Don and others on the list.  Though generally a pessimist or realist, he is considered to be brilliant.  This article, just out, is ominous in its forecast ............bobford
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Nouriel Roubini's Global EconoMonitor

The world is at severe risk of a global systemic financial meltdown and a severe global depression

Delicious Digg Facebook reddit Technorati Nouriel Roubini | Oct 9, 2008 
The US and advanced economies’ financial system is now headed towards a near-term systemic financial meltdown as day after day stock markets are in free fall, money markets have shut down while their spreads are skyrocketing, and credit spreads are surging through the roof. There is now the beginning of a generalized run on the banking system of these economies; a collapse of the shadow banking system, ....................


http://www.rgemonitor.com/roubini-monitor/253973/the_world_is_at_severe_risk_of_a_global_systemic_financial_meltdown_and_a_severe_global_depression


      



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