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Stocks Could Drop 20%, No Safe Haven: Dr. Doom
CNBC.com
Wednesday, Jan 28, 2009
US and global stocks are still likely to fall because the corporate and economic news will be worse than expected, Nouriel Roubini, RGE Monitor Chairman, told CNBC.
Investors will be hit by the realization that many banks are bankrupt, that companies will have to rein in debt and sell assets and that emerging markets may get into trouble, Roubini said.
“I think that there’s a 20 percent downside risk to US and global equities,” Roubini told “Squawk Box Europe.”
(Article continues below)
The transmission mechanism oiling the wheels of the banking system is broken, he said, adding that “banks are getting the money and they are hoarding it, they’re not lending it,” because they expect higher losses.
There is no safe haven from the crisis as all countries are affected, and the collapse in aggregate demand may bring about prolonged deflation, Roubini added.
“We have to worry today about not ending up like Japan. That’s the risk for the global economy,” he said.
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20 Responses to “Stocks Could Drop 20%, No Safe Haven: Dr. Doom”
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January 28th, 2009 at 5:56 am
Just 20%…Looks like much more to me…8.5 trillion is already gone, poof.. Doesn’t seem like there should be a whole lot of the GDP left to lose… so maybe 20% is all we as a nation have left. The weirdest trend I have seen, is the stock market climbing on all the news of the job loses, etc.
Oh well, personally, i’d think we have about 6 to 8 months at the current rate, before the majority of us are either suckling at the teet of the Fed, or learning to work, create and innovate after the collapse.
Poorly ran businesses should FAIL, don’t care if it’s car companies, banks, shopping centers, etc… none of them deserve a bail out, period.
8.5 trillion, that would be 60 some thousand, per person in the USA… Don’t YOU think you could have done much better with that money, than the government has?
The government can’t even really show what happened to the money, at least we’d all go, we paid off the house, put some in savings, etc…
Just something to think about… the majority of wealth is winding up in a FEW select hands.
Antifraud Reply:
January 28th, 2009 at 11:11 am
I agree. I would be more worried about 100% drops once the federal reserve notes are useless.
I agree with the guys holding the signs around Wall Street saying “Jump”. I doubt that many jumped without some assistance.
Alex Jones' Jewish Wife Reply:
January 28th, 2009 at 9:09 pm
Barack Obama’s Economic Appointments
Timothy Geithner(Jewish) – Secretary, U.S. Treasury Department
Lawrence Summers(Jewish) – Chairman, National Economic Council
Paul Volcker(Jewish) – Chairman, Economic Recovery Advisory Board
Peter Orszag(Jewish) – Director, Office of Management and Budget
Gary Gensler(Jewish) – Chairman, Commodity Futures Trading Commission
Mary Schapiro(Jewish) – Chairman, Securities and Exchange Commission
Christina Romer(Jewish husband) – Chairman, Council of Economic Advisers
Melody Barnes(Black) – Chairman, Domestic Policy Council
James Reply:
January 29th, 2009 at 6:02 am
What’s your deal?
January 28th, 2009 at 6:21 am
URGENT, MUST READ!MUST READ!
SOURCES SAY US GOVERNMENT WILL CRASH WITHIN 30 DAYS! POSSIBLY BRITIAN ALSO.
The story appeared in Australia.TO from Brisbane, Australia. The article stated through ABC News via WCPO. Ive been doing research and finding this shit everywhere! feb 2009, its going to happen very soon.
‘On February 24th, 2008, a story appeared in the mainstream news media with the headline “U.S. must adjust to the arrival of Asian century.” The story commented on statements that were made at the most recent G-8 Summit. Here are some of the statements made at that summit: “We are entering a new era of world history; the end of Western domination and the arrival of the Asian century…..Let us focus on the new sunrise organizations in Asia…..the changes will be dramatic and happen quickly……As new Asian powers emerge, the architecture of the world order will have to be re-engineered…….Asia is now home to the world’s fastest-growing economies which have accumulated more than three trillion dollars in foreign reserves.” Lawrence Summers, an economist who was once the U.S. Treasury Secretary, had this to say at the summit meeting, “During the industrial revolution, the standard of living rose at a rate of maybe 50% during a person’s lifespan. Asia’s current growth rate represents an unprecedented 100-fold, or 10,000%, rise in the standards of living during one lifetime.” (17) An increase of ten thousand percent in the Asian standard of living? If you have ever wondered where the wealth of America has gone, you have your answer! Indeed, the kings of the East have risen up!
On the 13th day of March 2008, a rare “closed door” session was held by the United States House of Representatives. It was only the fourth time in the history of the United States that the House of Representatives closed the doors and met in absolute secrecy. Thus, those who were elected to represent the people of the United States would not allow the people to know what they were meeting about. Furthermore, House Rule XVII, clause 9, forbids the Representatives from revealing what was discussed. The penalty for leaking such information includes loss of seniority, fine, reprimand, censure, or expulsion! What went on behind those closed doors where every member was sworn to absolute secrecy, to always conceal and never reveal? We know that the only reason for secrecy is to hide evil. The news media said almost nothing about the secret conclave, but it was mentioned only that one of the items being discussed was the new surveillance techniques that are going to used by the U.S. Government to watch every American. (19)
After diligently searching for more information, I finally found what I was looking for in an Australian newspaper. The story appeared in Australia.TO from Brisbane, Australia. The article stated that ABC News via WCPO confirmed that Congress members were forbidden to talk about what went on in their secret meeting. Several of the Representatives, however, were so furious and concerned about the future of the country that they began leaking info. Here are some of the things that were reportedly leaked out regarding the secret meeting: Discussion regarding the imminent collapse of the U.S. economy to occur by September 2008 – The imminent collapse of the U.S. Government finances by February 2009 – The possibility of Civil War inside the United States as a result of the collapse – The advance round-ups of “insurgent U.S. citizens” likely to move against the government – The detention of those rounded up at REX 84 camps constructed throughout the United States – The possibility of public retaliation against members of Congress for the collapses – The location of safe facilities for members of Congress and their families to reside during massive civil unrest – the necessary and unavoidable merger of the United States with Canada and Mexico – The issuance of a new currency called the AMERO for all three nations as an economic solution. (20) Obviously, there is no documentary proof for the above as the meetings were secret. The information, however, does fit the profile of what is going on around us.’
get ready anyone opposed to the NWO.Truthers, protesters, fed protesters, successionists etc.. they will come very soon.
John Galt Reply:
January 28th, 2009 at 7:17 pm
@ Capt.Planet
Well said, You and remnant have written a nice summary. Yes I agree, I think it will be soon.
HR 645 IH maybe the last chess piece they need to move. Then the crisis. Then the solution.
Look to the end of Feb, or beginning of March some bank holidays and runs and further collapse. Get your food, med’s, gun’s and gear in order.
January 28th, 2009 at 6:41 am
captain planet: nicely done on your homework. i would like to share some more tidbits for putting this picture together. my story is at stevequayle.com under weatherwarfare. i am sandra in the story. after researching chemtrails, i fell into the things you shared above and a bit more as curiosity and sense of duty got the best of me. so, check these out and good for you and your efforts. now we have to get this all out and give the creeps a shaking up. google these; some just verify your info for others…united states congress and hr645, thomas.gov and hr645 and fema, operation cloverleaf, echelon, operation dragnet, ipto, pnac and population reduction, amero, north american union, crystalline brucella and fort deitrick, attenuated h5n1 and pnac, maincore, masada, center for global research, uaff.us click on 2009, whatdoesitmean.com, stevequayle.com, book: rise of the fourth reich, book and it is free 2008 gods final witness, nasa and structures on mars, nasa and planet nibiru, 2012warning.com, finally, the lost book of enoch talks of these moneychangers and we know of their steps to the nwo. put on the armor, get in the fight and do not let them pull this off easily. they will be addressed in 2012. love to all, one of the remnant
captain planet Reply:
January 28th, 2009 at 7:22 am
hey remnant, cheers,
. Dont worry, i know all about 2012 and what is going on. I have been researching this shit for years. 21.12.2012, in every ancient society and holy scripture this day holds great significance, not to mention on this day there is an amazing alignment of stars, and our planet will be in the centre of the universe, human evolution is coming, and those who continue to try to control us, will be judged by lets say ‘others’ 
.
thanks for the sites and other info, i have already research most but those i havent will be well put to use.
sandra if your interested in some great DVD’s concerning this false reality being pushed, 2012, ‘others’, the great David Icke, and some facisnating astrological facts, visit conspiracymarket.com, it will lead you to an ebay shop, you can buy 55dvds for $250 if you got the cash, there are even a few of alex jones dvd’s in there, but they will blow your mind garanteed, but its sounds like your mind is already pretty open.;), love to you and all our kind
Andrew Reply:
January 28th, 2009 at 7:40 am
“Our planet will be at the center of the universe” ….are you kidding me? All that 2012 garbage is propaganda to keep people from taking action. Anything that happens in 2012 will be the result of the elites trying to fool the masses not some planetary alignment crap.
Watch 2012 debunked on youtube from nowheretorun1984
I’m not trying to be a jerk, I’m just saying don’t fall for the second layer of propaganda now that you’ve seen through the first one.
January 28th, 2009 at 7:01 am
“We have to worry today about not ending up like Japan.” We will be lucky if we end up like Japan.
The Other 99 Reply:
January 28th, 2009 at 11:59 pm
I was thinking the same thing. Japan has a producing economy that is the envy of the industrial world. They make high quality automobiles, tools, electronics (you name it) that the rest of the world wants to buy. They can actually pay their way in the world unlike the debt ridden hollowed out shell corporation that used to be called the United States.
January 28th, 2009 at 7:22 am
Nouriel Roubini, that Zionist tool, will talk the US economy into a collapse along with the rest of the Zionist meda
once the Zionsit rating agencies downgrade US bonds, the spiral to hyperinflation will begin and the economy will collapse
the Amero is an extension of the euro
so the Rothschild Zionists will have the eurozone plus Britain and America in their control
Rise up! Revolution! Get your guns! Organise before society collapses!
Make mass arrests now!!
January 28th, 2009 at 7:37 am
Yeah, Charles, the upticks locate that which is to be shorted. It’s just how the market functions these days and is why we were promised a couple of decades back that there would never again be a catastropic drop in the market. There won’t. There will be a protracted downward trend that will span many months and this is because nobody is hand picking stocks to be traded, they buy complex investing products that are logarhythms, programs if you will. You’ll note, and I now say this flippantly, that the DJIA has lost some 40% over the course of 18 mos. Now if that had happened in a week, cities would be burning and there would be bankers hanging from lamp posts. But because it’s protracted and mixed with other entertainment news that lulls us to sleep, we get slowly cooked like the metaphoric frog in the pot.
A couple of news stories to watch: Cali is bankrupt and will be declared as much on Sun., when it will officially start having to issue IOUs. This looks like where it’s all going to begin in earnest: California.
Also the cornflicker worm may give TPTB the “problem” needed to declare a bank holiday and maybe push for the temporary shutdown of the Net to make it safe for biz transactions.
Get your soul right with the Good Lord because this is for real and bullets aren’t going to save us, Love and our work ethic will.
January 28th, 2009 at 8:29 am
A GOVERNMENT OF NATIONAL UNITY.
Can you say that people?
A GOVERNMENT OF NATIONAL UNITY.
In times of extreme difficulty, the faux democracies are proud to de-activate the laughable two-party system, and produce instead a very public one party state. In the UK and USA we have been working on this path since the appearance of Tony Blair. Democrats ARE republicans and have supported everything their supposed opponents have done. In the UK, the liberals and conservatives ARE new labour, and have supported everything their supposed opponents have done.
The destruction of the old world financial system is simple one of the last steps towards governments of national unity across the West. Oh yeah- elections will continue- for candidates each of which stand for the same policies, Communist China and USSR fashion.
OBAMA ALREADY HEADS A GOVERNMENT OF NATIONAL UNITY. So does Brown in the UK. Both puppet figureheads chosen because of the expections of the sheep in those two differing nations (Obama wouldn’t play in the UK, and Brown wouldn’t play in the USA, for cultural reasons, but both are puppets for the same forces).
Putting figures on expected loss in share values is pointless. The relevant truth is the rapid elimination of savings and investments of hundreds of millions of ordinary people across the West- sheep who will mostly still be able to make a living, and own some possessions, but sheep who have lost the comfort of a safe future, and thus have nothing to lose when global war returns to the Earth.
BLAIR DOESN’T WANT PEOPLE TO SAY “PROTECT YOUR FUTURE- BUILD A PEACEFUL WORLD”, SO HE MUST ENSURE THEY HAVE NO ROSY FUTURE TO WANT TO PROTECT IN THE FIRST PLACE.
January 28th, 2009 at 9:59 am
But wait. If all news stories on mainstream media are lies propaganded by the zionist-illuminati-mason-bilderbaconburgers to only confuse us, then by that logic this story is false and the stock market ISN’T going to loose 20% as thats just another lie told by the NWO to get us to listen, because all mainstream media is controlled by the jews who are controlled by the masons who are controlled by Satan. I mean the only news that’s the truth and isn’t just all lies is AJ’s site. So any link that AJ posts to a story in mainstream media to prove his point is therefore a lie because all mainstream media lies.
January 28th, 2009 at 8:33 pm
I think that the rest of the world is watching closely what we do here. If we can be collapsed then the world will cave in and follow suit and accept a global monetary system. Kneel down and kiss the boots of the bankers. We are selling our yet unborn grandchildren into bondage for generations, from which they will never extricate themselves and recover their heritage.
I think they are looking at us saying to themselves are they the American people going to tolerate this. Are they, The Americans going to let this continue without so much as a small bit of civil disturbance? They know better than most Americans what has been, and is still happening. It happened to them. But they don’t have guns. Probably lucky or half of Europe would be in ashes This nation and the rest of the world is being looted and the once revered country of America and peoples have not yet stood up and challenged the bandits. And rest of the world wonders. WHY???? Frankly so do I. We cant even get the Bankersters to give a Congressman a direct answer when asked about the whereabouts of the largest ripoff in history. I think they may be intentionally running us out of options for a reason. Provoke a confrontation using it as an excuse to destroy the second amendment. Destroying the last real armed Republic on the planet. By destroying the will of the people to resist. Bhaaaa Bhaaaa. Bhaaaa.
I’m done.
January 28th, 2009 at 8:51 pm
“Agreed” says el boogado
January 28th, 2009 at 9:26 pm
When the NWO implement[IMF]is pushing it, both with financial,political and through the media ,you know it is a “must be”, crash the finances=bring in the one world monetary system ,riots [because of lost job's ,homes,broken families]enables them to bring in military /marshal law and connect that to the new laws to officially utilise the fema camps ,it is all a win win for them,best that they prey to their god[satan aka stan the man]that their little attempt at one world governance last long enough to have a fun party at the worlds expense…What amazes me is that these top elites,have most of the money/power/influence,so that they can do what they like and live as kings/queens ….and yet that’s not enough they want to subject the whole f#cking planet to centuries of misery…for what?Just to prove they could do it,please tell me some of the individual names of these elite and i will access the net on how to make a noose.plant those sweet potatoes people they will be worth their weight in ….food
February 10th, 2009 at 8:48 am
Hi there,
Cool blog, I just came across it and I’m already a fan
I hope it’s not against netiquette but I have just started blogging
my own weight loss(I shed 30 pounds in a month, so not bad
, and I was curious if you could write about
my diet for your readers.
My latest blog post is fast weight loss diets
If you would like to do a link trade
that would be excellent as I want to discuss my weight loss success
with your readers. If I can lose weight then
anyone else can too. Whatever you do, never give up and you WILL
achieve all your weight loss goals!
Thanks for reading,
Joan
February 13th, 2009 at 5:49 pm
Hi there,
Cool blog, I just found it and I’m already a fan
I hope it’s not too brash but I have just begun blogging
my own weight loss(I shed 30 pounds in a month, so pretty good
, and I was wondering if you could write about
my diet for your readers.
My most recent blog post is
quick weight loss diet
If you would be willing to do a link exchange
that would be excellent since I want to discuss my weight loss success
with as many people as possible. If I can lose that much weight then
anyone can. Whatever you do, don’t give up and you WILL
reach all your weight loss goals!
much thanks for reading,
Joan