Thursday, September 1, 2011

Noureil Roubin: Bloomberg TV

Nouriel Roubini, one of the boy wonders who became a household name after his bearish predictions in 2006 and 2007 became a reality in 2008, sits down with Margaret Brennan to discuss his outlook today.

He sees another recession coming and now fears that "the Federal Reserve and other authorities no longer have the ability to provide emergency support."

My bet, however, is that they will go down with guns blazing.