AP - The economist widely acknowledged to have predicted the financial crash of 2008 holds little hope that global economic troubles will be fixed anytime soon and warns that without major policy changes things can still get much worse.
DAVOS, Switzerland (AP) -- The economist widely acknowledged to have predicted the financial crash of 2008 holds little hope that global economic troubles will be fixed anytime soon and warns that without major policy changes things can still get much worse....
Nouriel Roubini, dubbed Dr. Doom for predicting hard times before the financial crisis began in 2008, said the euro area is better off than in the middle of last year, even though political risks remain.
Things are “less worse than they were last summer in the euro zone,” Roubini, a professor at New York University, said in a Bloomberg Television interview with Tom Keene in Davos, Switzerland. “The politics of Europe could worsen” as elections loom in countries including Italy and Germany.
The Anglo-Saxon model of financial supervision and regulation has failed, according to Nouriel Roubini, the New York University economist who is widely credited with having predicted the current financial crisis
By Learn Bonds:I recently had a great conversation with Peter Schiff, author of Crash Proof, the famous book in which predicted the 2008 financial crisis. We discussed his new book, The Real Crash, how investors can protect themselves with foreign bonds, and how the country could prevent the real crash from happening.
Peter Schiff On The Real Crash
They predicted it was going to happen long ago. Are we talking about Nostradamus or even anything remotely as cheesy as him? We all know that was a load of baloney. Just hot air and wind! Right? The Mayans might have got it right after all. Remember, the end of the world for them didn’t necessarily mean the end of the world it just meant the end of a cycle. A new cycle might begin, just different, opening up a whole new world. So maybe that cycle did begin as the door closed on 2012. January came and went and we are still here.