Friday, August 27, 2010

"Double Dip Warning"

Another crisis looming?

Since the financial crisis of 2008-10, I've followed the commentaries and opinions of Paul Krugman and Noriel Roubini to make sense of how the world financial system works (or doesn't work).  In my opinion, these two economists have made the most sense of how fragile the global financial system is due to the structural (and cultural) deficiencies of the American banking system.

Now the two are saying that a "double dip" is becoming more and more possible (for various reasons).  Paste the links below on your browsers for a good heads-up on what could happen within the next few months. We might have escaped the first one, but will we be able to do so if it happens again? 

http://www.nytimes.com/2010/08/27/opinion/27krugman.html?_r=2&partner=rssnyt&emc=rss
http://voices.washingtonpost.com/political-economy/2010/08/roubini_aka_dr_doom_predicts_d.html
http://www.gurufocus.com/news.php?id=105576
http://www.propublica.org/article/banks-self-dealing-super-charged-financial-crisis

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