Nouriel Roubini continues to warn that we are in the midst of a “W-shaped” recovery, while famed currency trader George Soros points to a “bankrupt” banking system as the culprit.
Ã¢â‚¬Å“Markets have gone up too much, too soon, too fast,Ã¢â‚¬Â Roubini, who accurately predicted the financial crisis, said in an interview in Istanbul on Oct. 3. U.S. stocks may suffer a Ã¢â‚¬Å“major declineÃ¢â‚¬Â after climbing to the highest levels in almost a year two weeks ago, according to technical analyst Robert Prechter, founder of Elliott Wave International Inc.
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