Haven’t posted in a while because I’ve been sitting back watching the wild market gyrations, trying to get a feel for if the bottom is really going to drop out from under us or if the fall has run its course in the short term and if a bounce is on its way. I’ve also [...]
Mr. Roubini revisits his thesis “The Risk of a Systemic Financial Meltdown: The 12 Steps to Financial Disaster” and explains how all 12 steps have come to fruition. When reading this, I’m struck by something else Mr. Roubini has mentioned numerous times: why has the political and financial leadership not called in economic experts (i.e. [...]
Excellent article by Nouriel Roubini at RGE Monitor:
Comrades Bush, Paulson, and Bernanke Welcome You to the USSRA (United Socialist State Republic of America)
An excerpt:
Like scores of evangelists and hypocrites and moralists who spew and praise family values and pretend to be holier than thou and are then regularly caught cheating or cross dressing or found [...]
