GLG chief Emmanuel Roman warns thousands of hedge funds on brink of failure
25/10/2008 § Leave a comment
"It’s the beginning of the decline of the US financial empire. The Great Depression ended in a massive war. I hope that’s not going to happen but it’s pretty ugly now," Prof Roubini said.
Were now paying the price for the biggest asset and credit bubble in history," Prof Roubini said, advising investors to stay clear of risky assets and keep money in cash. "The bail-outs have not worked because the markets are no longer rallying, and the policy-makers have run out of options."
GET OUT WHILE YOU STILL CAN!!