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Roubini Predicts U.S. Losses May Reach $3.6 Trillion
Posted by Stock Online Trader on January 20, 2009 in Economy
Bloomberg has a shocking story on Roubini’s prediction for US losses: Roubini Predicts U.S. Losses May Reach $3.6 Trillion U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” said New York University Professor Nouriel Roubini, who predicted last year’s economic crisis. …… “If that’s true, it [...]