Roubini: Worst yet to come
also of underwriting in commercial real estate, the boom in the indebtedness of the household sector included also unsecured consumer credit like credit cards, auto loans, student loans with all this other excesses in the corporate sector [25:00] coming from LBOs that should never have never occurred, financed by these leveraged loans, a trillion-plus LBO with a debt to equity ratio that didnt make any sense. Excesses of borrowing also by municipalities — in the last real estate …
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Not really… seeing as how a number of “experts” are expecting commodities to go down further… and seeing as how I expect the Dollar to strengthen more before it weakens… I think the stock will drop further. However, some buying now and more buying as it drops may be a good strategy… I can’t see FCX stock completely tanking. They dominate the industry, and we need copper.
That being said, I’m no expert… just a guy that follows the markets.
the only reason us dollar is stronger against all major currencies is because of Usa is selling out. In a long way it will collapse Usa is doomed like the rest of the world is. We got paper money. Thats the main problem Good luck guys start wake up and shut down central banks around the world
Lets hope you were long the dollar today.
I was sitting at my computer with CNBC on, waiting for the decision… I made a big Euro/USD trade right on the announcement, and made a very nice profit.
I take back my prognosis on the dollar’s strength. I am pretty sure it will rebound, but not until at least next year, when the ECB is (probably) forced to shave off of their rates, and more so later on, when the US economy stabilizes and the Fed increases their rates.
this guy talks rubbish.
Peter Schiff and Ron Paul are the only guys saying the right stuff. We need to reduce spending, increase interest rates and increase savings.
look up peter schiff and ron paul for the truth
this guy talks rubbish.
Peter Schiff and Ron Paul are the only guys saying the right stuff. We need to reduce spending, increase interest rates and increase savings.
look up peter schiff and ron paul for the truth
this guy talks rubbish.
Peter Schiff and Ron Paul are the only guys saying the right stuff. We need to reduce spending, increase interest rates and increase savings.
look up peter schiff and ron paul for the truth
Peter Schiff and Ron Paul are the only guys saying the right stuff. We need to reduce spending, increase interest rates and increase savings.
look up peter schiff and ron paul for the truth
Spoken like someone who doesn’t know a thing about the financial world.
I think the USA has seen its best days. But the truth is, the Dollar is still a “safe haven” currency. Amongst all of this mess, the Dollar has held on strong, because EVERYONE is feeling the pinch, and they know that the Dollar will always be there. The US Treasury has a 0% failure rate.
If you want to believe the sky is falling, fine. The rest of us will go and make money and laugh at you.
Is amazing how Roubini and Stiglitz blame deregulation. They were both Clinton´s advisers! The deregulation that ended comercial and investment banking separation happened in 1999 (the biggest one in 70 years) and was signed by Clinton. It was supported by Rubin, Summers, Geithner, Gramm, Leach, 80% of House and 90% of Senate… Some of those guys are back to office with Obama.
Roubini is not in the Rubin School.
WOW !!! A recession worse then Jimmy Carter !? So, what do we do ? Try the same tired old Democratic solutions ? Where is the next Ronald Regan ?
God No!…it was Reagonomics(aka Supply-Side Economics, Aka trickle-down economics ) that created the credit bubble by promoting the notion that you can cut taxes and run deficits with the pie in the sky hope that eventually this will revenues for the government and the deficits will go away. Well, we tried it for 25 years…still have deficits.
Well, EdwardRommel…we now see what increased taxes, and running Trillions in deficts, has resulted in, and it’s not “Happy Days are Here Again”.
More Keynesian nonsense. These useful idiots spew out the same idiotic garbage over and over: Have the gov’t spend trillions to “stimulate” the economy. IOW, just when people are the most vulnerable, have the politicians and bankers loot the taxpayers of every last dime for the sake of the parasites who all line up like fleas and ticks to suck the blood out of every productive person in the country!
Thanks for the ‘economics’ lesson, pal.
Depression
is coming this is certain
they don’t tell you that there is a quadrillion $
derivatives death star orbiting USA
the banks leveraged it all beyond the value of all the assets of the whole world.
it is over America is over.
sad to say but it’s the truth.
To top out at 9% unemployment is nothing compared to the Great Depression when unemployment was over 20%. Those who think we are headed for some kind of financial apocalypse on par with the Great Depression are badly mistaken. I give the current recession a lifespan of 2 years max if we fix the problems now.
It will be worse because In the first depression we didn’t have a 10 trillion dollar defecit. Also there is a Commercial Real Estate bubble that will soon burst.
wrong. people using their homes as ATMs and commercial bankers ‘banking’ on future earnings of ANY business rather than real numbers is the main road to how we got here. I had been in business for less than a year when the absurd offers started coming in, offering me money for nothing. no proof of income on business, speculation, best guesses. This is what you reap when give moeny to people and businesses that have no business managing money. Deficits? really? you notice the deficit 2day?
Things can get so bad that the studio will be unable to hair and makeup news lady. Even worse! You may have to fire your illegal cash paid housekeeper and gardener. Ya!…Uh, huh…. Now I’ve got your attention.
Are you s FOOL celticlofts? During the 1930s the USA had a surplus NOT a massive deficient like today (printing money, borrowing more money from china!), and in the 1930s there were no welfare bums (today they dont even consider those who give up looking for work unemployed!)… the real unemployment figures not is actually closer to 15%… a year from now add another 5%
US is always falling cos they are GAY.
“It’s not going to change anything but you have to do something about it.” (???) – Roubini The rudder had fallen off the Titanic. It will meander all over the place.
I would like to hear what she would say today?LOL
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