Friday, September 26, 2008

Chronicles Of Depression 2.0: #250: Roubini

We Won't Escape the Worst Recession in 40 Years

We're in the process of emerging from eight years of a fanatical administration, free market zealots who opposed any financial regulation. Because of their stupidity, we've been plunged into the most serious financial crisis since that of 1929.

-- Nouriel Roubini

As it turns out, I've quoted Roubini before in this blog.

He was the first one, I think, to increase the possible losses to two trillion dollars: The Two Trillion Dollar Spree. That post was put here January 2nd.

As of today, September 26, the figure is now forty-six trillion dollars.

-- via Twitter from UrmiRaj14

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