Showing posts with label Banks. Show all posts
Showing posts with label Banks. Show all posts

Saturday, October 30, 2010

Nassim Taleb Do not trust the Banks

Nassim Taleb Says Banks Hijack Us, Can't Be Trusted

Jan. 29 (Bloomberg) -- Nassim Nicholas Taleb, author of the best-selling "The Black Swan" and founder of Universa Investments, talks with Bloomberg's Francine Lacqua and Erik Schatzker about the financial crisis and the outlook for U.S. banks.
Taleb speaks on the sidelines of the World Economic Forum meeting in Davos, Switzerland. (Source: Bloomberg)

Monday, September 6, 2010

Nouriel Roubini : More than 400 US Banks Will Fail

"The big risk is that there will be a downturn in markets that could impact the bond, the equity and the credit markets," Nouriel Roubini, chairman of RGEMonitor.com, told CNBC when discussing the economic outlook Friday.
"In the second half, fiscal policy becomes a headwind, no more cash for clunkers," Nouriel Roubini said. "The positive scenario is that growth will be below par." "The big risk is that there will be a downturn in markets that could impact the bond, the equity and the credit markets," he added.

“Job losses have been higher, the US jobs number will show that. There is no private sector jobs growth," he said. "Consumption is weak, exports are weak and housing is weak." "If there is no final sales and no final demand, companies will not invest," he explained
“The biggest banks have been backstopped, but 800-plus small- and medium-sized banks in the US remain on the critical list and half of those will go bust," Roubini said.
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