Nouriel Roubini - “a 12 to 18 month recession” (1 of 3)
Nouriel Roubini making another round of predictions. Maybe he will have a wider audience this time around now that he has been proven correct on previous predictions. In
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25 Responses to “Nouriel Roubini - “a 12 to 18 month recession” (1 of 3)”
the way our …
Comment made on April 21st, 2009 at 4:16 pmthe way our government is behaving right now? I’d say 10+ is accurate. The Japanese had a 10+ malaise doing the same things we’re doing now.
10+ years better?
Comment made on April 21st, 2009 at 4:16 pm10+ years better?
you will see a …
Comment made on April 21st, 2009 at 4:16 pmyou will see a revolution in China before you’ll see any civil unrest in the US.
still way to …
Comment made on April 21st, 2009 at 4:16 pmstill way to optimistic.
He said it may take …
Comment made on April 21st, 2009 at 4:16 pmHe said it may take 24 months
12 to 18 month was …
Comment made on April 21st, 2009 at 4:16 pm12 to 18 month was very optomistic
Is your name peter …
Comment made on April 21st, 2009 at 4:16 pmIs your name peter schiff?
Watch some David …
Comment made on April 21st, 2009 at 4:16 pmWatch some David Walker videos…I’m done arguing…it’s going no where.
@Premium
Comment made on April 21st, 2009 at 4:16 pmTaking …
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Taking into account future liabilities while excluding future income makes no sense at all and you know it. Accounting isn’t done that way.
Ummm they do …
Comment made on April 21st, 2009 at 4:16 pmUmmm they do actually account in that way. It’s called accrual accounting…by LAW they must use it. They must recognize future liabilities. the U.S. excludes itself from this law and uses the very favorable cash system. You are seriously going to tell me you are going to listen to an economist…they have no credibility anymore. Did we not forget the uproar from the sciences when “economists” started borrowing their equations from them to gain credibility? You aren’t credible…
Huh? Liabilities …
Comment made on April 21st, 2009 at 4:16 pmHuh? Liabilities twice the net worth? What are you talking about the deficit in this record year is still at what? 7%?
Heck even the debt is ‘only’ at 66% or something.
Oh wait! I get it you are using new age Voodo accounting in which ‘net worth’ is somehow twisted into GDP measured over a single year while liabilities are measured over several decades! A shame economists and investors don’t account in that funky way! The stock markets would be a of a lot more entertaining!
Let me ask you a …
Comment made on April 21st, 2009 at 4:16 pmLet me ask you a question…is having liabilities twice you countries net worth a good or bad thing? Change happens slowly. We can’t expect the world to switch to a different reserve currency overnight. When a record amount of debt comes due the dollar/treasury bubble will collapse and the world will be forced to jump ship. You seriously take investors seriously? The same investors who have zero credibility after making atrocious predictions? How am I suppose to take you seriously?
Then why isn’t it …
Comment made on April 21st, 2009 at 4:16 pmThen why isn’t it happening now? Oh lemme guess! You are smarter than all those investors and you see things the market doesn’t see amirite?
Hyper inflation in …
Comment made on April 21st, 2009 at 4:16 pmHyper inflation in inevitable. We are flooding the market with dollars faster then ever before. More debt is going to mature this year then we have ever seen in the history of this country. There is no doubt we are in a dollar/treasury bubble. When that bubble collapses we are going to be in a world of hurt. China also is now making statements that they have realized they can decouple from the U.S. They have already stated they want to begin swapping dollars for gold. We are simply done.
Oh kerel what the …
Comment made on April 21st, 2009 at 4:16 pmOh kerel what the , ga nu niet zeggen dat greenspan een austrian was he, dat pakt namelijk niet. De punten van Peter Schiff en Ron Paul en Hayek en dergelijke werden nergens vertegenwoordigd in geen enkele regering. Iedereen was een ing keynsian. En ze hebben de economie in de afgrond gereden. Het is belachelijk. Jullie hebben de kans gehad, ga nu maar opzij voor de oostenrijkse school. thx
You need to realize …
Comment made on April 21st, 2009 at 4:16 pmYou need to realize not everyone is an austrian/retard. Keynesians haven’t had much say over policy the last 3 decades. Coincidentally in the same time everything went to . Monetarism/keynesianism.
Nouriel Roubini is …
Comment made on April 21st, 2009 at 4:16 pmNouriel Roubini is a keynsian. Do I need to say more. Keynsians ed this economy up. Hyperinflation is coming as soon as the money multiplier goes over 1 it’s done.
I want you to read …
I want you to read what you just wrote.
I’m looking at this from the point of view that various aspects of the differing theories have to be used for right now.
I also think that money must be controlled by the masses in following sense.
Comment made on April 21st, 2009 at 4:16 pmCentralized Banks are monopoly’s, I propose a open source monetary system that circumvents that banks.
Bi-Metalism, Fractional Reserve, or Fiat, the best will win out in the end. I really believe we are on the verge of something like this coming to fruition.
Difference is …
Comment made on April 21st, 2009 at 4:16 pmDifference is Roubini hasn’t ed up as much as Schiff has. Yes he’s a Keynesian.
Peter Schiff? The …
Comment made on April 21st, 2009 at 4:16 pmPeter Schiff? The guy who predicted hyperinflation/crashing dollar would cause this crisis? And told everyone to get into foreign stocks? Whose ‘crash proof’ book would have netted you a nice 72% loss over the last year? Get real! Peter Schiff observed the housing bubble, so did many other economist (and the vast majority did not) he predicted a lot of bullshit as well. Unlike Roubini and others.
Well if you keep …
Comment made on April 21st, 2009 at 4:16 pmWell if you keep predicting something year after year after year after year, I do think that makes you much of pronosticator.
well, america was …
Comment made on April 21st, 2009 at 4:16 pmwell, america was ment to be a REPUBLIC = 51% of the population DONT have rule over 49%
lol, just recite the plegde of aligance i think its the 5th line u come to REPUBLIC
-peace
Dr Doom? He is …
Comment made on April 21st, 2009 at 4:16 pmDr Doom? He is predicting a 12-20 months recession. If you look at the dow vs gold chart the dow will hit bottom around middle 2015. So make that 100 months. Peter Schiff has a way better view on this.
Peter Schiff has …
Comment made on April 21st, 2009 at 4:16 pmPeter Schiff has been saying this stuff for YEARS. This guy is a keynisian?
What is he talking …
Comment made on April 21st, 2009 at 4:16 pmWhat is he talking about? I am not even a college graduate yet but I can explain this upcomming depression more than him. The housing boom was an artificial bubble created by low interest rates. America economy was debt based and people were not saving enough. We have been living above our means, printing money and borrowing from foreigners. Such economy is meant to explode at some point in time. The main problem of this economy is monetary. Our fiat debt currency was meant to break down.
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