[Merlyn]

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Prof Roubini said he would not be surprised if the US and other countries soon had to close their stock markets for more than a week to halt descent into "sheer panic".

the economist warned that the world is heading for a protracted recession that will end the US’s financial dominance.

"It’s the beginning of the decline of the US financial empire. The Great Depression ended in a massive war. I hope that’s not going to happen

but it’s pretty ugly now," Prof Roubini said.

More at this Link:
http://www.pyrabang.com/contentedito...al-crisis.html

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