Monday, February 9, 2009

Nouriel Roubini and Nassim Taleb on CNBC

From Talking Points Memo:

TPM Reader JC sent me to this interview with Nouriel Roubini and Nassim Taleb on CNBC. Here's what JC wrote: "In this clip, Nouriel Roubini and Nassim Taleb are still being treated as a circus sideshow by CNBC... They're predicting the end of finance, and offering the only clear path out of this mess that I've seen offered (with the knowledge to back it up), and CNBC keeps asking them for stock tips. It's ludicrous. Wall Street media -- CNBC at least -- doesn't realize how bad this is yet. They're stuck in a bubble where they think everything will go back to normal in a few months...."

Watch the viedo - it's insane! I saw the interview live this morning, and was amazed at the sheer stupidity of the CNBC folks. They have no idea what's going on!

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