20081014.2 Roubini sees Rally's End and Long Recession

Nouriel Roubini, the New York University professor who predicted the financial crisis in 2006, talks with Bloomberg's Rhonda Schaffler about his view of the U.S. Treasury's capital injection plan for banks and his belief the economy is in a deep, prolonged recession.

Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCgMqBCWCVsY

Category:

News & Politics

Tags:

• Economy

[jeremyraybrown]

@jimpips Everything won't crash, but Schiff doesn't believe in too big to fail. I wonder if Roubini thinks the same.

[jeremyraybrown]

@overseachininadoll You understand him, because he is one of the few that knows what he's talking about and tells the truth. If you hear a bunch of lies from idiots, then of course things won't make sense.

[vikramkrishnan]

That is because when people like Bernanke and Greenspan and their Wall Street and Park Av. thugs who do not understand what they are talking abt use jargon to confuse others...

[overseachininadoll]

He's the few make sense about the U.S economy to me. I don't understand many others' explain about the U.S economy and I thought I was pre-modern. But I understand Nouriel Roubini's. I'm so glad cuz I'm not dumb after all.

[jimpips]

@SolitonPL: Schiff is a straight-up Austrian. He's also an idealist who is perfectly willing to let everything crash and burn and we'll all rise up Austrian from the ashes. Roubini is a pragmatist - he has consistently advocated actions to morph away from this Keynseian madness and towards Austrian sanity, without killing the world in the process. Give him another look, he's been dead-on since day one.

[Spastard111]

I almost can't unterstand his accent.

[jpfchi]

Thanks for posting this. I have to work. Can't watch it during the day.

[SolitonPL]

Peter Schiff is much better. This guy sounds like a pure Keysian economist.