Nouriel Roubini is the economic Nostradamus of his day.
The NYU professor predicted the current economic difficulties. Now in Fortune magazine, he has again assessed global economic factors and come up with a forecast that is far worse than I even suspected.
Dow 4000
Breadlines
An increasingly bad 2009.
A very weak recovery if at all in 2010 and 2011.
Home values crashing another 15%.
Yes, the next two to three years are going to be as damn close to a Depression as this nation has come since 1932. Get ready for all the pain if you can. And get out of the stock market now.
You can read more here at:
http://money.cnn.com/galleries/2008/fortune/0812/gallery.market_gurus.fortune/index.html
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