Proverbial Dr. Doom Dr. Nouriel Roubini was on Bloomberg to discuss his thoughts on Europe's debt crisis, the situation in Greece and Spain as well as the Chinese Economy
-- Over 50% chance Greece will leave Euro
-- Spain is also in big trouble. Programs by ECB to save Spain will not be sufficient.
-- He worries about hard landing in China.
-- U.S. Banks are even bigger than before the financial crisis and are too complex to be managed. They need to break up U.S. banks which are too big to fail.
Here are the videos:
Credit and Source: www.bloomberg.com, Bloomberg
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Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne