Nouriel Roubini: The Worst Financial Crisis Since the Great Depression
 

Roubini was on top of it early no doubt.

Also a very similar statement by Greenspan back in March.

March 16 2008

"The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the second world war. It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities." - greenspan

MARCH 16TH 2008!!!!!!!!!!!!! You can hardly call greenspan a fucking sage, we were well into it by the end of 2007 let alone march!

Oh, I'm not. Not at all. I'm only pointing out that Greenspan had used similar language.

Anyone remember gas rationing in the 70s? Out of control unemployment? People starving and dying from not having enough money to pay their heat bill? Come on now.

Worst FINANCIAL crisis since the depression. Not the worst economic crisis.