Feb 222008

This article “The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Financial Disaster” from Nouriel Rubini reads a bit like the Book of Revelations.

Though it is about an upcoming finance meltdown and severe recession in US and potentially worldwide. You can register and read about it and other articles of the author at RGE Monitor. It is also covered in the blog entry “Twelve Steps to Financial Disaster” at fxstreet.com.

With respect to the latest news around “monoliners” (Like most I did not even heard about that a few weeks ago.) we are probably at step four of the twelve steps.

Related link: Nouriel Roubini’s Global EconoMonitor