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Yes, that’s right. Quite amazing. It was led by Caterpillar, but also retailers like Home Depot. Kevin O’Leary estimates that this means we might be heading towards 10% unemployment in the U.S. Yikes!
According to O’Leary today on BNN, pretty much the only remaining hope in the investment world right now (in terms of earnings) is [...]
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Some recent news and thoughts:
Merrill-Lynch released a report saying that the U.S. is one of “the ten most vulnerable” economies in the world (read more here: a great article by George Washington). And:
“The United States may be on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according [...]
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In an interview on Wednesday with a Bloomberg correspondent, Roubini let out another dire prophecy, although it’s not very specific and not different than what he’s been saying before. Here are some excerpts from that interview. You can also watch the whole video from the link below.
Basically the message is that the picture is still [...]
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Nouriel Roubini was featured on BNN’s Squeeze Play today, you need to check it out for yourself on BNN. Amanda Lang and Kevin O’Leary are not only probably the most entertaining talking financial heads out there, but they really do know what they’re talking about – you’re truly missing out if you don’t tune in [...]
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Here’s a webcast you might want to watch about how to fix the world’s current financial crisis. It took place last Monday at Columbia University’s Earth Institute, featuring:
George Soros, global financier and philanthropist, founder and chairman of the Open Society Institute and the Soros foundations network, and chairman of Soros Fund Management LLC.
Nouriel Roubini, professor [...]
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Nouriel Roubini is about to become a household name almost as recognizable as Warren Buffett. The NYU Economics Professor is known for his eerily accurate market predictions, although he has many critics. For example, he correctly foresaw that at some point soon stock markets would be suspended in order to curb trading panic. And last [...]
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