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Roubini (Dr. Doom) Says: Dow 5000, Banks Insolvent, Three-Year Recession ('til 2012 elections...?)
CNBC ^ | Jane Wells

Posted on 03/09/2009 4:07:48 PM PDT by quesney

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To: USFRIENDINVICTORIA
World Bank Says Collapse Has Arrived
61 posted on 03/09/2009 7:45:00 PM PDT by blam
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To: blam

At least they aren’t saying the Gross World Product will be zero.


62 posted on 03/09/2009 7:48:41 PM PDT by USFRIENDINVICTORIA
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To: muawiyah
"Happy days are here again!"

I bought another 20 pounds of corn meal tonight, $2.12 for a five pound bag...they would call it mealie-meal in Zimbabwe.

Also, a 20 pound bag of rice a Wal-Mart was $14.72...that's $.74 a pound. Contrast that with a ten pound bag of chicken leg quarters at $6.58 a bag...that's $.66 a pound.

A pound of rice costs more than a pound of chicken?

63 posted on 03/09/2009 7:55:40 PM PDT by blam
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To: quesney

Dr. Doom my butt! He only gives a 67% chance of depression. I call 100% chance and am already down to 56 in my depression countdown as far as timing... Dr. Sunshine is more like it...

Hey, anybody else remember whan Roubini was soundly lambasted for predicting that total losses from the financial crisis would be $1.6 Trillion? He was crucified by the financial press and media for that prediction. Who is laughing now. $3.6 Trillion in total financial writedowns. BRUTAL.


64 posted on 03/09/2009 8:00:52 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 58... 57... 56...)
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To: Thunder90
"The Dow will collapse to 2000 points, NASDAQ-450pts, and S&P 500-400pts."

Read this guys predictions:

What's Dead (Short Answer: All Of It)

* "Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get."

"The bad news is that you won't have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life.

65 posted on 03/09/2009 8:02:48 PM PDT by blam
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To: Candor7

Obama is over-reaching and it is going to bite him hard.


66 posted on 03/09/2009 8:03:35 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 58... 57... 56...)
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To: lewisglad

Thanks for the scare. You should have saved that for Halloween. Eek!


67 posted on 03/09/2009 8:04:38 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 58... 57... 56...)
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To: muawiyah
...rivers clogged with the bodies of dead cattle and men...

So drought and starvation results in rivers clogged with cattle and men? Did you write the end of your story before or after the beginning?

68 posted on 03/09/2009 8:13:58 PM PDT by Golden Eagle (In God We Trust)
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To: jackmercer
Point conceded! Touche’
69 posted on 03/09/2009 9:09:30 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: blam
Uh, yeah, and frequently you can buy Coca Cola for less than beer ~ topsyturvy world.

With grain that's the "dry weight". Chicken is sold at the "wet weight".

70 posted on 03/10/2009 10:17:23 AM PDT by muawiyah
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