Roubini: American Financial System Is Insolvent

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Bradley Johnson's picture
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For those looking to reinforce your bullishness:

http://www.forbes.com/2009/03/04/global-recession-insolvent-opinions-columnists-roubini-economy.html

The point that government spending can't possibly offset the fact that every other source of economic growth is gone, I think is a foregone conclusion.  He makes the point that $3.6 trillion may not even be enough to "bail out" the financial system, which seems likely to me as well.  Like so many others however, he doesn't suggest an alternative.