BUSINESS BLOGS
BUSINESS BLOGS
category: business
24 Oct 2008
related tags: Financing | Investing |

This first three-part series dates back to April, where he called for a 12-18 month recession… he is now calling for at least 2 years.  So six months after calling for a 12-18 month recession, he is saying we’re still looking at 2 more years.  Yikes.

At the time of this interview, only Bear Stearns had gone down… he hints at “more to come”. Since then, Lehman has gone down the drain, Goldman Sachs got a $5B injection from Warren Buffett and Bank of America acquired Merrill Lynch.