Aaron Task
"Split Down the Middle": Why China Won't Dominate the 21st Century
Submitted by loner on 29 April, 2009 - 11:29pm
Posted Apr 29, 2009 08:30am EDT by Aaron Task in Investing, Newsmakers
Related: FXI, EPP, PAF, GCH, PGJ, EWJ, EEM
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Roubini: Rate Cuts Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year'
Submitted by loner on 9 October, 2008 - 1:06am Posted Oct 08, 2008 11:06am EDT by Aaron Task in Investing, Newsmakers, Recession
Related: ^DJI, ^GSPC, ^IXIC, SPX, DIA
Today's global rate cuts have reduced the risk of a market crash, but won't resolve the underlying crisis, says NYU economist Nouriel Roubini of RGE Monitor.
But the financial market crisis has unfolded even quicker than Roubini expected (which is saying something), and the economist now thinks the Dow and S&P will suffer 50% declines from last October's peak vs. 40% previously.
In other words, the Dow is going to 7,000, but over the course of months vs. days if Roubini is right, as -- unfortunately for bulls -- he mostly has been for the past two years.
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What did I say then?
It used to be said that investment bankers could earn $100,000 a year for every year out of busin...
