Doom & Gloom in '09 CNBC Nouriel Roubini

[D-Mack]

http://www.cnbc.com/id/15840232?video=999306334

An outlook for 2009, with Nouriel Roubini, RGEmonitor.com chairman and Michael Spence, Philip H. Knight economics professor

- Banks insolvent need more TARPS
- probably inofficial recession in China
- Barron's story on Treasury bubble premature
- falling commodities

at least that's what I remember

[Mega]

Roubini latest

http://www.cnbc.com/id/15840232?video=999306334&play=1
Mike

[D-Mack]

Re: Roubini latest

http://www.cnbc.com/id/15840232?video=999306334&play=1
Mike

Was the link not working? I thought I posted it into the video forum.




At least he is telling people not to go into FIRE, but they aren't hiring anyway

What do you advise students coming out of school?

I think this country needs more people who are going to be entrepreneurs, more people in manufacturing, more people going into sectors that are going to lead to long-run economic growth. When the best minds of the country are all going to Wall Street, there is a distortion in the allocation of human capital to some activities that become excessive and eventually inefficient.

http://www.businessweek.com/print/ma...6017130825.htm

[rabot10]

Re: Roubini latest

Was the link not working? I thought I posted it into the video forum.




At least he is telling people not to go into FIRE, but they aren't hiring anyway

Dow at 5000 at some point (per EJ). I think lower 3800 as a cave in.

I am buying puts on the reits - SPG VNO FRT MAC and IRY

along with puts on
HOG
Tif
M

40% of my money on this play

U guys see anything better?

rick

[sunspark]

Re: Doom & Gloom in '09 CNBC Nouriel Roubini

Oh, and "we may end up having to nationalize a good part of the banking system." Can't forget about that.

[raja]

Re: Roubini latest

Dow at 5000 at some point (per EJ). I think lower 3800 as a cave in.

I am buying puts on the reits - SPG VNO FRT MAC and IRY

along with puts on
HOG
Tif
M

40% of my money on this play

U guys see anything better?

rick

I failed to short real estate back when EJ suggested it, and now that they've all dropped so far, I'm afraid to go there. What gives you the confidence for this?

Also, why do you choose puts rather than shorting? I dabbled in options, but didn't like the time deadlines.

Thanks