Global financial and economic crisis

We live in times of sweeping change and uncertainty. I doubt anyone can see the light at the end of the tunnel - many do not even know which tunnel they are in... Nouriel Roubini (Professor of Economics at the Stern School of Business at New York University) has predicted the crisis well in advance and was ignored for a long time, but has now become a recognized world-class economist. His predictions are still pessimistic, in his latest interview he talks about the temporary nationalization of insolvent US banks and the growing risks Europe's banking system needs to face as emerging economies - including Hungary - move closer to bankruptcy. I am afraid the worst has yet to come, and this is going to be a permanent recession that we will have to adapt to.