Site Meter Inside Entertainment News: 'Risk of a near-depression shouldn't be underestimated'...

Saturday, January 31, 2009

'Risk of a near-depression shouldn't be underestimated'...

At the World Economic Forum two years ago, Nouriel Roubini warned that record profits and bonuses were obscuring a “hard landing” to come. “I really disagree,” countered Jacob Frenkel, the American International Group Inc. vice chairman and former Israeli central banker.....

Read more Roubini: 'Risk of a near-depression shouldn't be underestimated'...

Source: bloomberg