RGE Monitor - Meltdown, Anyone?
RGE - The Rising Risk of a Financial Meltdown and the Escalating Losses in the Financial System: "Nouriel Roubini Mar 10, 2008
Given the growing turmoil in financial, credit and equity markets my 12 steps scenario to a systemic financial meltdown is becoming more likely by the day; and my estimate that financial losses could end up being at least $1 trillion dollars – considered as an extreme worst case scenario a few weeks ago – is now being endorsed by an increasing number of serious analysts.
Let us consider the details of these seriously worsening financial conditions"..read Dr. Doom's 12 steps to a Meltdown here
courtesy of Norton West
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