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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (189612)	3/9/2009 1:37:10 PM
From: John Koligman	Read Replies (4) \| Respond to of 306849

Roubini was just on CNBC. He said: 1) Risk of 'meltdown' in the financial system has been reduced, but 'shocks' will continue, and we risk 'death by a thousand cuts'. 2) U shaped recession at best, good possibility of an L shaped one, 36 months long, with unemployment above 10% even into 2010. 3) Temporary nationalization of the banks is the correct solution. 4) More immediate stimulus is needed. 5) Most commentators are still 'too bullish' and 'delusional'.. 6) Stock market can fall another 10% to 20% before the bottom... He's at a risk conference in southern CA, and CNBC actually altered their schedule to accomodate HIM! He must be making the big bucks these days <ggg>.