Bloomberg (Dec. 12, 2008):Roubini Says Stocks May Fall Another 20% Before Recovery (click for video)

From Bloomberg: Dec. 12 (Bloomberg) -- New York University Professor Nouriel Roubini, who predicted the current financial crisis in 2006, talks with Bloomberg's Rhonda Schaffler about the outlook for U.S. and global markets.

Jim O'Neill, chief economist at Goldman Sachs Group Inc., also speaks. Roubini and O'Neill also discuss the financial market turmoil, the global economy and the outlook for U.S. automakers. (Source: Bloomberg) 00:00 Roubini: "severe" effect of automaker failure 01:10 Roubini: need for "major" fiscal stimulus 01:55 Roubini: "worst recession" in 50 years 02:34 O'Neill: global credit, economic conditions 04:01 Roubini: outlook for job cuts, U.S. economy 04:39 O'Neill: China's growth, "attractive" stocks 05:18 O'Neill: impact of commodity prices on India 05:42 Roubini: outlook for U.S., global equities 06:38 Roubini: expectation for "severe recession" 07:11 Roubini: "aggressive" U.S. policy response 07:38 Roubini: dollar; commodity prices 08:16 Roubini: "excesses" in U.S. economy

Bloomberg (Dec. 12, 2008): Roubini, O'Neill Discuss Auto Bailout, Global Economy (click for video)

From Bloomberg: Roubini Says U.S., Global Stocks May Drop 20% Before Recovering By Brian Swint and Mark BartonDec. 12 (Bloomberg) -- New York University Professor Nouriel Roubini, who predicted the global financial crisis, said shares worldwide may fall further.

“I’m still quite bearish on U.S. and global equities,” he said in an interview with Bloomberg television today. “They’ve fallen a lot, but they might surprise on the downside. U.S. and global equities could be 15 to 20 percent lower before they start to recover towards the end of next year.”