Roubini's Own Firm Losing Money; Europe Should Do a TARP

Many interesting news from Nouriel Roubini in the last 2 days, heavily doing the TV rounds. Perhaps because apparently his own firm is for sale according to CNBC!

"ROUBINI GLOBAL ECONOMICS, THAT'S THE ECONOMICS RESEARCH FIRM THAT WAS FOUNDED BY NOTED ECONOMIST NOURIEL ROUBINI, IS FOR SALE, ACCORDING TO SOURCES WHO HAVE BEEN APPROACHED BY AN INVESTMENT BANK IN EUROPE THAT IS CONDUCTING AN AUCTION FOR THE FIRM. RGE, AS ITS KNOWN, HAS GROWN QUICKLY SINCE ITS FOUNDING BY ROUBINI, WHO OF COURSE IS ITS CHAIRMAN AND KNOWN FOR PREDICTING MUCH OF THE FINANCIAL GLOOM THAT THAT BEFELL US IN THE '07 '08 PERIOD. THE FIRM HAS 85 EMPLOYEES, AND IT IS STILL LOSING MONEY. ACCORDING TO PEOPLE WHO HAVE SEEN THE OFFERING BOOK FOR THE SALE, THE FIRM IS PROJECTED TO HAVE REVENUES OF ABOUT $14 MILLION THIS YEAR AND LOSE ABOUT $2 MILLION DOLLARS. "


"The EU should do a European-wide TARP program right now to resolve the debt crisis", says Nouriel Roubini" "The world's advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe"