Thursday, October 23, 2008

Roubini: financial markets may have to close for a week or more

Bloomberg is reporting that NYU economist Nouriel Roubini is suggesting that policymakers may have to close financial markets due to "sheer panic." The story is here.

Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.

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