For US, we don't work in banks and don't have all the data we need. But by read a lots and lots of articles, we should be able to tell what is the fact and truth. And what is bullshit. That is our job. Don't listen to your friend or family or people on tv talking everyday. read and dig into and find what is the truth.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUzSQ01UhV6sMarch 26 (Bloomberg) -- U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end of 2009, said Nouriel Roubini, the New York University professor who predicted last year’s economic crisis.
“The stock market is a bit ahead of the real macroeconomic and financial news,” Roubini, a professor at NYU’s Stern School of Business and the chairman of consulting firm Roubini Global Economics, said in an interview with Bloomberg Television in London today. “We’ll have some major banks going belly up that will need to be taken over.”
