My friend Nouriel Roubini of RGE Monitor is tirelessly banging the drum that things are worse than investors think. For a Tour de Nouriel of the apocalypse — whether you agree with him or not — read the following recent posts:
- The Recessionary Macro Effect of the Worst U.S. Housing Bust Ever (RGE)
- The Next Shoe to Drop in the Credit Meltdown: Commercial Real Estate and Its Massive Forthcoming Losses (RGE)
- The bloodbath in credit and financial markets will continue and sharply worsen (RGE)
- Revisiting Predictions Made a Year Ago: Who is on Earth, on the Moon and Who was a â€œLunaticâ€ (RGE)
I’m much more sanguine than is Nouriel, but you have to admit he has some of the best bearish arguments.