Word: nouriel
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Dates: during 2000-2009
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...banks and brokerages are taking huge write-downs tied to the mortgage-backed instruments that kept the Ponzi-loan machine oiled. Economists are furiously debating whether we're on the brink of a full-fledged "Minsky moment," in which lending shrinks sharply across the board. Nouriel Roubini, an NYU economist and a widely read forecaster, got a lot of attention in November by professing to see risk of "generalized meltdown of the financial system of a severity and magnitude like we have never observed before." That sounds bad. But even if the damage is restricted to U.S. mortgage markets...