Nouriel Roubini: Markets Will Fall Another 20%

Saturday, November 22nd, 2008

Oct 12th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Economics professor, former Clinton advisor and perma-bear forecaster Nouriel Roubini says the “severe systemic financial crisis” ripping through the markets will get worse before it gets better.

He warned investors on Bloomberg TV that the US now faces a meltdown in financials that Hank Paulson’s bailout bill won’t fix. Roubini says the bill is merely a way of “privatizing gains and socializing losses.”

He also warned investors that stock prices could fall another 20% and trigger a period of severe deflation.

Watch Roubini discuss the financial crisis on Bloomberg TV.

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2 comments
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bpg131313 October 12th, 2008 10:15 pm :
If only more people would listen to him. The fat lady hasn’t even begun to sing yet.
MurrayR October 14th, 2008 3:21 pm :
Dr. Doom & Gloom he may be, but I don’t think we’re out of the woods yet either.

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