Nouriel Roubini thinks Ben Bernanke is wrong. Economic recovery 2010 Recession is not over!

[bodizone1]

it is reasonable to think the states WILL NOT recover, and are in a depression that has just begun

[hookalakah]

"This morning, analysts learned GDP grew by only 1.6% in the last four quarters. This is a remarkable discovery. It’s the difference between thinking we’re expanding at a decent, if disappointing, pace, and knowing we’re growing around half our historical norm.

...To adopt the president’s favorite metaphor of the ditch and the driver: The ditch was a 33% deeper than we thought. And we’re driving 33% slower than we hoped." --Derek Thompson, The Atlantic

[truexposure]

i heard the new Coalission government in UK want to put up VAT to 20%

they News say VAT is low in UK compared to europe, but in Netherlands and france they don not charge VAT on items in shops as i remember when i,ve been there.

The News seems to be brainwashing lies , or provoking anger etc

Where has all the MONEY GONE from the Recession Debts , they are still trying to steal OUR money

x

[truexposure]

i heard the new Coalission government in UK want to put up VAT to 20%

they News say VAT is low in UK compared to europe, but in Netherlands and france they don not charge VAT on items in shops as i remember when i,ve been there.

The News seems to be brainwashing lies , or provoking anger etc

Where has all the MONEY GONE from the Recession Debts , they are still trying to steal OUR money

x

[remotehog1]

take the marbles out of your mouth and say that again in english .

[ciyean]

It's nine months later and everything seems pretty good to me... I just closed this year making over 6 figures doing nothing but writing stupid songs about having fun! This recession ROCKS!

[doubleestark]

People can make money with bear market rallies, but this requires people to have the capital to invest. Those who have six figures to play the market will make money. Those who have lost their jobs with no savings will need to borrow and go into further debt, and will have no money to buy mutual funds let alone pay rent.

[borat443]

everyone has a opinion, but time will tell, men lie, woman lie, the facts on the ground and numbers dont lie.....And basically the American Dream sold to the sheep is goin to end, its time for a reality check......

[VentrueAccolyte]

Amazing, blind fear vs blind hope, I'm not sure who to feel sorry for. YES we're in a depression the fact that the talking heads don't want to admit it DOES NOT mean they planned it.

this depression was forseeable, but we didn't do anything about it, just like that LAST 4 depressions we had throughout US History.

Civilizations do not fall by economics alone, it may take a hell of a lot longer than 36 months, but we'll come out of this. provided we don't just give up.

[Seano71]

exactly, get productive and help out

[t4705mb6]

This Roubini is a scam artist. We are NOT in a "recession" but in the start of a PLANNED "depression". Thats enough to destroy his credibility right there. Prepare for more MASSIVE job losses, food shortages, terrorist attacks, the next war and the DOW to hit between 1,500 and 3000. The next big U.S. collapse will be commercial properties; malls, factories & skyscrapers. Don't listen to this wannabe. The same zionists "collapse" the USSR....by design.

[Nelkwie4]

This is nonsense! You are crazy! Truly crazy!

[1wingsolja]

Nelkwie4:

Is your comment based on facts or blind hope??

Of course its not nonsense. The whole world is about to financially collapse, beginning with the US. The US will become 3rd world. This is no joke.

There will likely be war and famine, and then you will see all the powers that be providing a 'centralised' solution... which eventually leads to the charismatic antichrist.

Your only hope is the LORD Jesus Christ. Repent and believe.. He will take care of you now and for eternity.

[delatroy]

Sigh. Terry try hard has been brain washed again.

[ciyean]

@1wingsolja Where is the third world again?

[DurAR89]

Hi Pelly, I don't know, I think maybe in 2010 the economy will get better IF by the end of this year people get chipped and thrown into the FEMA Work Camps, and by 2012 the new age, the New World Order is fullfilled. In about 20 years it'll be over, the earth will get hit with Apophis.

It'll seem a lot like Ancient Eygpt in my opinion, slavery, gods/aliens, complete tyranny.

[Siavashdaman]

Roubini for treasury

[Weaseldog2001]

Roubini is painting an optimisitic outlook.

[Dandaniels1978]

Yeah thats my view. I know deep deep down Roubini knows full well that there will be a Global depression the likes of which the world has never experienced.

He is without question holding back the truth. This is obviously because he hates being labelled Doctor Doom.

Jim Rogers knows the truth and doesnt give a fuck, he says it how it is. I wish Roubini would too. Maybe the US government has already got to him??!!!

[YankeeClippa]

Why does he think the Government should take over the Banks? That's fishy to me.. Just let 'em FAIL!

[ChaoticSouls]

@YankeeClippa Because the problem with letting them fail is you have a domino effect because they are so big and deflationary pressures. You should let zombie banks fail though. What he is saying here is that nationalize them and sell it off instead of wasting bailout money on them.

[TWSceptic]

@ChaoticSouls It creates irresponsible behavior , the government should stay out of it, they've already done enough damage as it is.

[hugolp]

Roubini is a tool.