... the risk of a total meltdown has been reversed for now but that the economy is going through "a death by a thousand cuts." He also said that "most of the U.S. financial institutions are entirely insolvent."
Wednesday, March 11, 2009
Today's Unsettling Read: Dr. Doom predicts more pain
Dr. Doom -- AKA Nouriel Roubini, a New York University business professor -- now says we probably won't see the end of the recession until 2010, and that's if we keep our fingers crossed and do all the right things. The good news, and this is good news, is that it could have been much worse.