More Bearish Comments From Dr. Doom & Black Swan

Posted on CNBC. http://www.cnbc.com/id/29103328

From Professor Roubini

• “If you don’t do everything right, and I think there’s a large probability that’s going to happen, then we may end up in a multi-year stagnation or near depression like the one that Japan had,” he added.
  
  Roubini said there is still a 20 percent downside risk to U.S. global equities, and he advises investors to stay in cash until there is a real bottom.
  
  “Officially the write-downs have been about $1 trillion; I see another $2.6 (trillion) coming up,” he said. “…Losses are mounting and this severe recession is going to get only bigger.”

From Nassim Taleb

• “If I follow my logic to the end, what I thought would happen was anything fragile…would break, namely the banks and people who have a lot of debt and private equity," he said. "This is just happening. It’s not finished yet; it hasn’t probably started."