In his March Investment Outlook, Bill Gross head of PIMCO, the world’s largest bond manager, does a mock Q&A as though he was testifying before Congress about the financial crisis, its origins, how long it will last, what needs to be done with the banks, and where people should invest their money. Required reading. Below [...]

In our first quarterly report of 2008, we proposed “Ride The Storm” as phrase of the year, and discussed how aggressive Fed rate cuts and higher conforming loan limits might “break the storm clouds” in mortgage and financial markets.

NYU economics professor and RGE Monitor chairman Nouriel Roubini continues to beat his recession drum. During a recent interview (video), he said that the global economy, including all developed and emerging nations, will experience a severe global recession that will last all of 2009. Click here for more on this. He also said that the [...]

Since 2004, NYU Economics Professor and Chairman of RGE Monitor Nouriel Roubini has been pounding the drum on a severe recession caused by over-leveraging of consumers and financial institutions. Now that the fallout from over-leveraging has played out, more people are listening to him, and now he’s reiterating the recession projections. He recently published 20 [...]

NYU Economist and founder of economic analysis firm RGE Monitor Nouriel Roubini told Bloomberg today that he sees the biggest US recession in 40 years that could last 12-24 months, bring unemployment to 9%, see another 15% decline in home prices, and an estimated $3 trillion in total bank losses—revised up from his previous $1-2 [...]

Two days after NYU Economics Professor Nouriel Roubini said markets are on the verge of meltdown, the IMF parroted the sentiment in their weekend meetings in Washington, DC—after four years of ignoring him. From the looks of this Reuters story, there was quite a few photo ops and generalized quotes from President Bush like:

Yes, Nouriel Roubini said ‘severe’ twice in the same headline this evening when he warned of the problems facing our financial system. The Chairman of RGE Monitor and Professor of Economics at the NYU Stern School of Business has been talking about this since 2004 and, while a speech he made back then to the [...]

Here’s a more detailed version of the Fed’s AIG bailout to follow up our previous post. Quick review: On Monday it was thought that AIG, the world’s largest insurer, needed about $40 billion to meet a wave of claims on credit default swaps and other obligations. The logic went that this would be a bridge [...]