Financial Crisis Continues says Nouriel Roubini

Published by Jonas Clark Saturday, April 25th, 2009 in Economy and the Christian, Misc Christian Information, Recession Freedom Strategies |

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Stocks have risen in recent weeks but don’t get sucked into a bear market rally. The economy is not in recovery as some suggest but in contraction. According to Nouriel Roubini we are still facing the worst financial crisis since the Great Depression. You worked hard for your money. Don’t listen to the talking heads telling you, “stay in,” “don’t miss this opportunity,” or “stocks have never been cheaper.” Thousands have already lost 40 to 50% of their retirement savings. Don’t lose any more. There is nothing wrong with sitting this one out.
clipped from www.rgemonitor.com
This will be the worst financial crisis since the Great Depression and the worst global economic downturn in decades.  Global trade volumes face their sharpest contractions of the postwar era – trade is expected to contract 12% in 2009 due to the severe and prolonged global demand slump, excess capacity across supply chains and the continued crunch in trade finance.
RGE Monitor’s analysis of the data suggests that the global economic contraction is still in full swing with a very severe, a deep and protracted U-shaped recession.
While the rate of economic contraction is slowing compared to the free fall rates of Q4 of 2008 and Q1 of 2009, we are still a long way away from the economic bottom and from a sustained recovery of growth.
clipped from images.google.com

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4 Comments to Financial Crisis Continues says Nouriel Roubini

ProDigit
April 25, 2009

God was speaking to me this week, and He told me, that the financial crisis would stop.
Now the funny thing is, I don’t know if it was nationwide, but I felt a release happening, and had the feeling USA would recover in these coming weeks to months!

I’m only speaking from an impression here, no prophecy.

One thing I’m absolutely sure of, is that in the coming weeks to months, my personal financial situation will change from debt to abundance!
I have no idea the nation has something to do with it, but I felt almost as a large prayer ascended the throne for USA. Things could turn around from this day onward!

ProDigit
April 25, 2009

On a deeper note, I believe most Americans will have noticed the debt, and will be working out most of their debts in the coming years.
As the dollar weakens, so will the debt weaken. This will work in benefit for the common worker.
God is still righteous in His judgement towards the common worker. However, as a national debt, the price the nation of USA needs to pay will probably last for the coming 30 years. It all depends on how quick they want to pay back the nation’s debt.
A good president will work hard, and do it swiftly.
A bad president will loan more, and/or take longer to pay back the debt. Almost as a doctor injecting a needle, you can do it quick, intense pain for an instant, or slow; slow lesser pain for a longer period.
The quicker is always the better!

ProDigit
April 25, 2009

I believe the worst tidings will come in about 1 to 2 years, where the common worker will start feeling the pressure of national debt, and where the government is out of ideas,and out of loaned money. Then they will have to have the economy going, and pray to God that the gas prices stay low during this time (or the economy will run less well, and paying back debt will take longer).

So this year will be a new beginning for a lot of people coming out of debt, or at least who have set their priorities right to get out of debt.

ProDigit
April 25, 2009

And on a last last note, sorry for posting so many times,
God takes no pleasure to see His children going through debt.
He can, and in general wants to see His own children prosper in the land they are in; and can do that (and will do that for some) despite national or global economical climate.
The Economy should not dictate your own well being. God is creative, God is innovative, God has ideas beyond our boundaries, and saw this coming before even the beginning of time;and God is not panicking.
God is probably not even thinking hard, because He already has a plan devised against these times! So that He can show Himself strong and make America a stronger nation than it was before! Let’s hope USA will learn the lesson, and follow along with God.

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