No Quick Fix: Roubini Forecasts Worsening Economy, 2-Year Recession

To help people get a perspective on the markets, I would recommend reading The Protocols of the Elders of Zion. Though claimed to be fiction it is an absolute blueprint for what is happening in the markets today.......sorry to be a bearer of bad tidings but identifying the problem is always the first step to a meaningful solution. In the last 1000 years almost every european country has had this problem and solved it.

DOW 10,000 or 9,000 or 7,000 has nothing to do with fixing the problem. It merely measures the problem. Like a falling thermometer measures winter approaching.

our nation must learn how to save $$$$$$$!!

It's hard to see you guys with much credibility, you sit them calling the financial world in dooming terms, and yet if you are so well informed and know the ins and outs , why did all the experts not do more to prevent this house of counterfeit mortgages, and related fake paper, that is bringing down the economy like it were a house of cards? Hard to believe any of you guys today, since you were sitting in your same chairs when all the bad acting was onoing, did you miss it all , or just not report it to anyone? J. 10-8-2008

Mama said ther'd be days like this...

TIME TO BUY A MATTRESS!

Nouriel Roubini and Todd Harrison are the best quests you have on TechTicker. Please continue to have them on. Nouriel has been calling this absolutely correctly since the beginning. I truely wish Nouriel was running the Fed. His ideas are logical and well thought out. It's a shame the Fed only responds to panic.

Hey, Houdini, crack open your history book. Japan's downturn and recovery was 13 years long. How do you see ours ending in 2010??? Can you count??? 'Tard.

Folks.Look at reality, what Roubini has been saying is right so far and his analysis of the situation is right. The feds shore up the confidence..that is what they are supposed to do.they do not give facts....Looks at the facts,market condition and do a analysis of the situation yourself.....Move things to cash and invest next year you will come up a millioner in 10 years

There will never again be "trust" in our "fiduciary" system again. All banks with the word "Trust", or Mutual Funds with words like "Fidelity", etc, may as well start changing their names now. All that crap that so-called financial experts have told us about anything, like "the stock market will outperform other investments over time", "buy and hold", "don't be too conservative"...are all out the window with Americans from this day forward. Nobody trusts anybody, or anything, anymore, nor should they, nor will we ever again. Bankruptcies all over the place, even before this crap started, and all stock holders are suddenly holding worthless paper. Its over forever, people.

Had he (or another intelligent person unafraid of reality) been Fed chairman, this mess would not have happened. Realistic assessment, but this too shall pass, and all will be well in 2-3 years.

Don't buy Gold right now. I sold mine today when it had gone most of the way back up from what I bought it for at its peak in August. Look at the graphs of it's recent price - then use common sense and stay away. Deflation, not inflation, is coming, and gold will deflate with everything else. Cash is King.

if this guy knows what will happen 1 - 2 years from now. why didn't he tell us what was going to happen this year , last year - nobody knows !! this guy is a moron

I see lots of hunting, fishing and camping out. I see 5,000 CEO's looking for another job like working on a farm. I see U.S. borders secured because we cannot afford future invasions. Legal and not so legal will have to get in line and wait, and wait, and wait for an opening. More nail salons and more schools and roads will not save America. More health care will not save America. I see dow 5,000 very soon.

Prospective purchasers should much prefer sinking prices. Warren Buffett 1997 Run sheep, leave your stocks for me to pick up for pennies on the dollar. Me Today

Perception is reality and the only perception you two boys seem to talk about is the doomsday senario. Can't you find anything positive to talk about?? No wonder the public is hoarding cash and is going to stop all spending after listening to the only guest you like to bring on.

Agreed fiscal solution is needed. But how about something other than the $700B from the top down? That takes too long to have a practical effect besides being untasteful to the American public. How about if government announces that it will subsidize the mortgage on a first house with a (say) 4% interest cap. This will reduce the forclosure pressure and restore spending confidence. Banks will do the admin paperwork and be entitled to claim ONE HALF of the difference between 5% and the actual contracted interest rate. That is, Uncle Sam pays have and the issuing bank swallows half. Banks who issued more subprime mortgages will swallow more losses. The max amount of government exposure should be quick to calculate. This would be fiscal stimulus from the bottom up and much more politically acceptable for most of the American public.

This is why a society based on greed and self-cherishing does collapse. You had better be more friendly with your neighbor, because you might need more than cup of sugar from them.

You two are so one sided!!! Give us a break - you have three or four interviews with this guy posted all at once and he is negative about everything. Always has been always will be. If you predict a downturn for years eventually you are going to be correct.

I think things are not that bad (knocking on wood). I mean we just have to increase liquidity in the market and we should be okay. So it all depends on our government official to increase liquidity ASAP and efficientlu Look, after all the worldwide slump, Alcoa was still able to pull 33 cents of earnings. It's better than a loss. RIMM still gave us .90 of earnings.