You say we are looking at a deep and possibly multiyear recession in America

Columbia's Amar Bhidé and NYU's Nouriel Roubini
"When you have an integrated global economy…there are not many places to hide because markets [and economies] become correlated".

January 7, 2009, Business Week Interview by Maria Bartiromo for her Business Week column:
"You say we are looking at a deep and possibly multiyear recession in America; an additional 15% drop in U.S. home prices; painful recessions in Europe, Canada, Japan, and other established economies; a sharp slowdown in China, India, Russia, and Brazil; and possibly default by some emerging-market countries. Can anything stop this locomotive bearing down on us?"
Interview in Business Week, read whole article...