The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
Nouriel RoubiniYou have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.
Nouriel RoubiniIn an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. As a result, gold can be very volatile - upward and downward - at the peak of a crisis.
Nouriel RoubiniThe gains from technology must be channeled to a broader base of the population than has benefited so far.
Nouriel RoubiniThe Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
Nouriel Roubini