Nouriel Roubini on The Bill Maher May 21, 2010

Roubini : when there is a bubble everybody lives in a bubble , most of the people are using their home as an ATM machine

Economist Nouriel Roubini on the Bill Maher from L.A.
Doctor Doom says : the legendary investor Marc Faber calls himself doctor doom gloom and boom so compared to him I am just doctor Doom , no apart from the joke I think the question is ...., it is not a question of being optimistic or pessimistic it's just being realistic about what happens and in some sense actually it is not much worse than I predicted , you know in 2006 when I predicted Home prices will fall 20% they fall 30% the home sales fell by 80% instead of the 50% I predicted so I was too optimistic not too pessimistic ...when there is a bubble everybody lives in a bubble... the consumers were living beyond their means ...most of the people are using their home as an ATM machine..