Wednesday, August 20, 2008

Nouriel Roubini, Economics Professor, Announced Our Current Crisis Before it Happened and Lost His Job Because of it

People are finally paying attention to Nouriel Roubini’s thoughts on the future state of our economy. After being dismissed two years ago after envisioning the events that have caused this recession , economics professor Nouriel Roubini is being taken more seriously this time around. While others are announcing we have seen the worst of these problems, Roubini disagrees. (Quote in article: “We have a sub prime financial system,” he said, “not a sub prime mortgage market.”) But what does this mean? Any thoughts or answers to this question?

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