Roubini...Please...Stop Talking
"Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’ (Update2)
By Michael Patterson and Maithreyi Seetharaman
March 26 (Bloomberg) -- U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end of 2009, said Nouriel Roubini, the New York University professor who predicted last year’s economic crisis.
“The stock market is a bit ahead of the real macroeconomic and financial news,” Roubini, a professor at NYU’s Stern School of Business and the chairman of consulting firm Roubini Global Economics, said in an interview with Bloomberg Television in London today. “We’ll have some major banks going belly up that will need to be taken over.” "
The articel is from Bloomberg and available at - http://www.bloomberg.com/apps/news?pid=20601087&s…
Notice how all of your uneducated friends cite Roubini? They all think the great destroyer is on his way and is using the financial system as a conduit. Thoughts?
MIT students get free premium access to RGE Monitor, so I enjoy reading it. Most of his material is excellent. In his defense, he was one of the first to call the crisis to an extent back in 2005. He really hasn't changed his position over the past few years, which I respect a great deal.
It is annoying how often he is quoted out of context by ignorants though.
On a side note, take a look at his facebook friends. The majority are unbelievably sexy girls in their 20s.
Roubini is an idiot. I read a couple of his commentaries and quite frankly wasn't really that impressed as he was stating presumptions that were already unraveling throughout the global economy.
MITALGOTRADER What are you doing looking at his facebook friends?? Stalk much? Have you come up with any algorithmic models yet to break into Zions mainframe?
The douchebaggery that comes from you direction on nearly every thread you post is unbelievable. You add 0 value, and I seriously doubt you work on the street at all. Roubini is clearly not an idiot, and while he may be coasting on the tailwind of one very good call for a little long, hes obviously a bright guy.
Also, the Zion mainframe joke wasn't funny the first time. Enjoy NYU.
This guy is a franchiser--he's just trying to make a name for himself. He has been a bear since 1990, he was bound to be right eventually.
Well, at least he's more credible than Jim Cramer.
You guys on the other hand need to stop slammin Roubini. Obviously, this guy knows a thing or two about the economy, and he is right about one thing - the stock market will fall.
There is no way in hell I am buying any stocks today with the DOW at 8000. This rally is not going to last long and reality will set in soon.
The government is only prolonging the inevitable, it will get a lot worse sooner or later.
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