Wednesday, January 26, 2011

Nouriel Roubini: U.S. Headed For Deficit Train Wreck

Ignore Dr. Roubini's predictions at your peril. This is the man who rang the alarm bell in 2006 about the housing and credit crises that were about to hit the U.S. and world economies.

Today, at the World Economic Forum in Davos, Dr. Roubini warned that the U.S. is headed against a Eurozone-like financial disaster, unless the deficit is addressed seriously. Think the clowns in Washington are the right people to do anything seriously and, more importantly, equitably?

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