Situation in Europe a Slow Motion Train Wreck: Roubini

The LFB submits:Another day, another slow motion, automated, train wreck-type move in equity futures trade. The European futures trade was held in a 0.5% range for 15 hours on Thursday, and then, on cue, just as the closing bell rang across Euro-land the high-frequency trading algorithms kicked in and wrecked the best laid plans of buy-and-holders. The moves decimated the near-term Dax, FTSE, and CAC charts.

By Ganaxi Small Cap Movers:Research in Motion Ltd. (RIMM) has admittedly been a gigantic train-wreck of late, losing market share faster than a celebutante shedding clothes at a pool party.

The U.S. economy is a "fiscal train wreck" waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday.

The US economy is a "fiscal train wreck" waiting to happen, US economist Nouriel Roubini warned on Friday.

Reuters - The U.S. economy is a "fiscal train wreck" waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday.

MANY people have been linking to this Spiegel piece, on how the Germans are preparing for the possibility of a Greek default. It's a remarkable read. Consider:The rest of Europe is losing patience with Athens. And after 18 months of crisis in the country, there is still no improvement in sight. Key economic figures are worsening, and there are growing doubts over whether the Greek government truly understands how serious the situation is.

The U.S. economy needs more fiscal stimulus in the short term because the economy remains weak, followed by measures to “deal with fiscal problems or you’re going to have a fiscal train wreck,” Nouriel Roubini said

LONDON (Reuters) - The U.S.