Europe May Spark a Lehman-Like Crisis

Tell me why Spanish and Italian bonds have been rallying for 2 months.

Mainstream media News. hahahaha

El Erian is a pretty sober guy. I am noticing that the language of even the most circumspect analysts is becoming more alarming. And the ones who are more open in their predictions and language are very vocal. Robert Prechter said we are in the final stages of a 1930's like depression. Here is Roubini today basically begging the powers that be to get it together. (Sorry can't copy it from the original FT site)

http://www.cnbc.com/id/45735167

Prechter: US Poised for Depression-Era Rally

"Our global growth baseline now includes a sharp slowdown in China, a recession in Europe and the risk of a mild downturn in the U.S. We forecast global growth of just 2.8 percent in 2012, moderating further to 2.7 percent in 2013," according to...Nouriel Roubini.

Compared with the eurozone, "the U.S. looks more resilient (even the U.S. of 2008-09 would look more resilient…), but there are extensive downside risks to our baseline of 1.4-1.5 percent growth in 2012-13; thus we still see a 50 percent chance of an outright recession in the next year."

http://www.newsmax.com/StreetTalk/Prechter-US-Depression-Rally/2011/12/15/id/421056

I thought this was a good article:
How We Can Avoid Becoming Like Japan
http://www.commentarymagazine.com/article/how-we-can-avoid-becoming-like-japan/

Most likely, the sheet storms cometh

But RE in Manhattan won't be affected...... yea right

He can say what he wants but he bought in Manhattan.

The condo, on which Roubini took out a $2.99 million mortgage, is a 3,700 square