DISQUS

AMERICAblog: Roubini says recession will last for 2 years

  • HereinDC · 1 year ago
    UM...when is it going to start? Or has it started?
  • Indigo · 1 year ago
    Ironically, my financial advisor said something along those lines back in May, shortly before he took early retirement and moved to the mountains of western North Carolina.

    I guess he's my former financial advisor now.
  • scottinsf · 1 year ago
    I wouldn't be surprised, but Roubini is some nutball that doesn't know what he's talking about no?

    We must all stick with the analysts from CNBC and Bloomberg and follow cool minds on the tiller.

    /snark
  • hawkseye · 1 year ago
    Especially Larry Kudlow.
  • cowboyneok · 1 year ago
    I read where the Secret Service is trying to determine which McCain supporter screamed, "Kill him!" at their event. I think the Secret Service should have a little talk with Sarah Palin and ask her to tone down her violent, hate speech that is getting her crazy supporters to think she wants them to violently attack Obama.

    Republicans are very dangerous people.
  • paulbot5 · 1 year ago
    This is funny, everytime the gov tries to make things better the market says no, will they ever listen?
  • woodka · 1 year ago
    Can we please please put Roubini in charge of Treasury or the Fed now?

    Pretty please?

    I've been watching this thing since late 2004, and seen the train wreck coming. But you just can't convince the idiots in charge when they are benefitting the most from the greed, fraud and theft.
  • paulbot5 · 1 year ago
    Peter Schiff is the smartest one on TV i know of, better than roubini lol
  • hawkseye · 1 year ago
    It is definitely not something to brag about, but I said, on a hunch, in 2003, that I thought Bush would take us over the financial cliff because he was so damned reckless. I told my partner then that we should sell our home because we were at the top of the housing market. She didn't agree until the fall of 2005, six months after the top, so it was hard selling. But we got lucky in July of 2006. What a relief. We aren't making any money on C.D.s/investments, but at least we have enough, I hope, to see us through to the grave. Had I known of Roubini's remarks, I would have pressed harder, earlier.
  • ZennButtKicker (tlhwraith) · 1 year ago
    Welcome to the death spiral, coffee and cakes to the left, comfy chairs and conversation to the right. Smoke em if you got em cause lung cancer is the least of your worries.
  • scottinsf · 1 year ago
    I've just gotten 3, count them: three pre-approved credit card junk mail letters and now I see the banner ad for Princess Cruises trips in Alaska at the top of the Americablog front page.

    That's funny.
  • shrrrr · 1 year ago
    It's funny.

    During the primaries Obama became my new Kennedy brother.

    Now he's become my new FDR, as well. History serves.
  • paulbot5 · 1 year ago
    I had more respect for FDR until I learned he took everyone gold, Kennedy was cool but when he tried to put silver back into our money he got shot :(
  • scottinsf · 1 year ago
    FDR took the profit out of the gold the crooks wanted to steal. Everyday folks that owned gold were paid a fair price at the time. It was wrong the way it was handled at the time but it was the depression we're talking about.

    As far as gold today? It's a lot more different now. Ordinary citizens have been able to own it for a few decades now. I really do think the dynamics have changed. Certainly doesn't excuse our country from going off the gold standard during internal crisis (thank you, Dick).
  • Indigo · 1 year ago
    Exactly! Figure the $34.00 ounce of gold before Nixon screwed the nation.Let's say you're paying $850.00 for an ounce of gold right around now. Do the math, and you'll see what your dollar is worth today. I made $9,000.00 the year Nixon did that. What would I need to make today to equal my buying power then? 9,000 divided by 34 = 264.7 ounces of gold in the early 1970s. Multiply that by today's gold price at 850 and I need $224,995 to duplicate my youthful lifestyle. That doesn't sound like my math is correct, does it? Hum . . . .
  • unrepentant_expat · 1 year ago
    The 'go to' guy for economic foresight.

    http://farm1.static.flickr.com/153/413999868_2d...
  • foolme1ns · 1 year ago
    It took Bill Clinton 2 years to turn a huge deficit that he inherited from George HW Bush into a surplus that grew for the rest of the 6 years he was in office.

    I'm hoping that Barack Obama can do the same thing.
  • Sage24 · 1 year ago
    Palin drops reference to Ayers in stump speech today.

    I wonder if it really did backfire on them?

    http://tpmelectioncentral.talkingpointsmemo.com...
  • scottinsf · 1 year ago
    You betcha it did.
  • doug · 1 year ago
    Thankfully, we will have President Obama to lead us back into prosperity and on a road to sustainability.