Roubini Says `Panic' May Force Market Shutdown (Update2)
By Alexis Xydias and Camilla Hall
Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, told a conference of hedge-fund managers in London today. ``There will be massive dumping of assets'' and ``hundreds of hedge funds are going to go bust,'' he said.
Love your charts - they are the canaries in the coal mine -- In terms of your comments on lobbying, the following is a robust and nonpartisan website that tracks all contributions by party, by candidate, by industry, by lobby etc
Excellent as always – You cite Bond Daddy Bill Gross and Clown in Chief Cramer in the same article – yesterday those two were on CNBC together in a veritable mutual admiration society – but it gets better, in Pimco’s monthly commentary Gross reveals he’s a big fan of Cramer … Not to be cynical but could Bond Daddy being employing the use of a Clown to further a bail-out agenda of which he would be a huge beneficiary??
Thursday Outlook: Commodities, Emerging Markets [View article]
By Alexis Xydias and Camilla Hall
Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, told a conference of hedge-fund managers in London today. ``There will be massive dumping of assets'' and ``hundreds of hedge funds are going to go bust,'' he said.
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Thursday Outlook: Commodities, Emerging Markets [View article]
Thursday Outlook: Commodities, Emerging Markets [View article]
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Friday Outlook: Commodities, Emerging Markets [View article]
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