When Roubini speaks people listen
U.S. Should Enact $400 Billion Stimulus, Roubini Says
By John Brinsley
Roubini, who predicted the current financial crisis in 2006, said the
economy risks falling into “a self-fulfilling animal spirit recession that
is more severe than otherwise” because of the collapse of credit markets and
weak consumer and corporate spending.
“Animal spirit recession”? That sounds like primal fear to me.
Now Stop It! Hoarding is the worst thing to do right now and I know yo Mama told ya that just because a bank’s chairman of the board hoards us off a cliff doesn’t mean you should, too.