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September 30, 2008
| Roubini Conference Call | Economy |
NYU economist Nouriel Roubini has an excellent track record in predicting and analyzing economic crises (including the present one). His economic/financial analysis firm, RGE Monitor, is making its premium content available for free during this economic crisis, here. They just ask you to register.
There is a lot of great material there, but for an excellent overview of where we are, how we got here, and where we're going, you may want to listen to a recent conference call with Roubini here. He talks for almost 40 minutes and then there's Q&A. He talks fast and covers an awful lot of material, so if you're like me you may need to listen to it multiple times. But I think it's the best thing I've heard or read on what's really going on and will repay the effort to absorb it. Highly recommended. I'm putting it on my iPod.
He sees a "nasty" 18-month recession and severe financial crisis ahead. Not the Great Depression, but the worst recession and crisis since the Great Depression. He sees the Treasury rescue plan as "a disgrace and rip-off benefitting only shareholders and unsecured creditors of banks." He sees the demise of the shadow banking system. But that just scratches the surface of what he has to say. Put on your thinking cap and go listen.
Posted by Jonathan at September 30, 2008 11:40 PM
