Roubini holds little hope of global economic fix (AP)

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

Today, Hungary's economy minister, György Matolcsy, blamed NYU economist Nouriel Roubini for last week's sharp depreciation of Hungary's currency, the forint.

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.

Nouriel Roubini was just on CNBC, broadcasting live from the SALT Conference in Las Vegas.

CFA Institute submits: By Anne-Louise Fogtmann

Eric Falkenstein submits: In Michiko Kakutani's NYT book review of Nouriel Roubini's Crisis Economics, and in the book's foreword, a September 7, 2006 IMF speech is highlighted as containing specific warnings about US housing, and how this would lead to a financial contagion. This would seem to be highly prophetic.