More Doom, More Gloom

Here is yet another interview with Nouriel Roubini with his gloomy predictions. You can read the interview from a Barron's article with the scary headline "Yes, That's $2 Trillion of Debt-Related Losses". Think about that. He says that up to now banks have written off only $300 billion, but the size of the problem is $2 trillion. So, he says that, using a baseball analogy, the US is only in the 2nd inning of this game.

If you want to skip reading and hear the frightening predictions from -- so the speak -- the horse's mouth, watch this two part interview:

Part 1:


Part 2: