A discussion about the crisis on Wall Street
Skip the Larry Summers monologue. Go right to the table discussion with Rosner, Roubini and Sorkin. Excellent coverage.
Scary Roubini quote: “Right now there is a meaningful risk of a global recession. When 50% of the global GDP is falling and it is in the advanced economies, the idea that Russia, China, India, Brazil, emerging markets in Latin America, Africa, Asia, are going to be happily de-coupled from this contraction is nonsense.“
Very scary Roubini quote: “In our country [the US] when there is a recession, people lose jobs. In other countries, when there is a severe recession, people starve.“