Roubini: More Trouble Coming for S&P
By Barry Ritholtz - November 1st, 2008, 8:30PM
Nouriel Roubini, the New York University professor who predicted the current financial crisis in 2006, talks with Bloomberg’s Carol Massar and Ellen Braitman in New York about the U.S. economy, outlook for the equity market and Federal Reserve monetary policy.
00:00 Recession outlook, financial market crisis
01:48 Stock market valuations, performance
02:58 Impact of U.S. recession on emerging markets
03:31 Fed forecast, Libor; consumer confidence
06:17 Outlook for economy, financial markets
Running time 07:22
Source:
Roubini Says S&P May Fall 30% More Over 2-Year Recession: Video
Bloomberg, Oct. 29 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSUB75X4jS6U
November 1st, 2008 at 5:26 pm
Heh — this is cool
November 2nd, 2008 at 4:34 am
Roubini is so smooth and confident.
Summary: We are in a consumption recession that will last another 12-24 months, consumer confidence has collapsed, S&P 600, FED interest rates close to zero, recovery will be tough, will feel like Japan, even at end of recession, will be difficult to climb out and growth will be sub-par for some time afterward.
btw: Where are the comments these days Barry? Did everyone bail because they didn’t want to register with WordPress?