Economist Roubini says global economic collapse may be imminent ... link

[Alhena]

Roubini is the economist who has predicted almost exactly how this collapse would play out so far. Tonight he issued the economic equivalent of a DEFCON 1 alert:

http://www.rgemonitor.com/blog/roubini/253973/the_world_is_at_severe_risk_of_a_global_systemic_financial_meltdown_and_a_severe_global_depression

This was already scary, folks- it's getting almost surreal watching these pillars of the financial system collapsing. We are watching history right now- there's been nothing like this since 1929.

[Rockholm]

1. I just heard some Japanese bank collapsed.

[whistle]

2. Yes, that is the consensus by economists

http://www.youtube.com/user/ubseconomics