two of the people in the film, including nouriel roubini, there are people i have known for 10 to 20 years. they started talking to me about this, "something is coming down here." so by the time lehman brothers collapse in 2008, and i decided to make a film, i had already been taught a lot about this, and then i just started doing a lot of research. tavis: what surprised you the most? >> there were two surprises, in a pretty bad direction. there was the bush administration is response to crisis in 2008. the people were so completely unprepared for, example, the collapse of lehman brothers and what its collapse would mean. the second surprise was just the incredibly low level of ethical behavior in american investment banking. when i started making the film, it was clear that some bad things had happened, but if someone had told me that we were going to discover that all of the major investment banks had been creating securities and selling them with the intent of profiting by betting against them, betting on their failure, i would have said, "no, we do not do that in the united state

mistake by tightening its monetary policy that's according to the tories economist known as dr doom nouriel roubini he claims high interest rates may seriously hit the peripheral european countries that are struggling to restore their export competitive that's but chief economist from russia's that crazy investment bank says the c.b.i. has no other option but when the central banks do not take action global inflation and perhaps a mystic inflation in many areas including russia starts to get out of control and then we have a very very difficult and when central banks would have no other option but to increase rates by significance amount which definitely would push many quantum is called standstill because the cost of trade of the cost of money would increase and that would be not helpful from the point of fuel for cover and we're back in less than a one hour's time with an update now that's next with headlines to stay with us. our hero. we hear it because our apache out. god promised them this linda long stops. will if they are still going to be thinking. and goal chosen people will lead them up b

nouriel roubini a notorious economist known as dr doom has warned that the european central bank may be making a grave mistake by raising interest rates too soon however chief economist led you to come you know from a committee is says the e.c.b. has no other option but when central banks do not take action global inflation and perhaps the mystic inflation in many areas including russia starts to get out of control and then we have a very very difficult situation where in central banks will have no other option but to increase rates by significant. a moment which definitely would push many economists towards turnstone because the cost of credit because of the money would increase and that would be not helpful from the point if you were for covering sales of new cars and light trucks in russia accelerated eighty percent in february compared to the same period last year association of european businesses calculated that seventy three thousand vehicles were sold versus larger is the top five the extended cash for clunkers program trans the sam came in second fans expect the market to re

central bank may be making a grave mistake by tightening its monetary policy that's according to nouriel roubini the notorious economist known as dr drew he claims high interest rates may seriously hits peripheral european countries struggling to restore export competitiveness however a chief economist from crispier says he's india's no other option the ground central banks do not take action global inflation and perhaps domestic inflation in many areas including russia starts to get out of control and then we have a very. very difficult situation when central banks will have no other option but to increase rates by significance a moment which definitely would push many economists toward standstill because the cost of creative the cost of money would increase and that would be not helpful from the point if you were for covering. sales of new cars and light trucks in russia accelerated by eighty percent in february person same period last year so if the asian of european business is calculated that seventy three thousand vehicles were sold washers and larger is the top seller helped by extended c

doom, nouriel roubini, the economist who correctly predicted the global financial crisis said thursday$140 a barrel, the u.s. could slip into a double-dip recession. several analysts predict the price of crude could again reach the record $147 a barrel it set two years ago, if the current turmoil in the middle east and north africa continues. >>> well, here we go again. american airlines kicked off a new round of ticket hikes thursday, raising its fares by $10 per round trip. no other carriers have matched that yet. but, if the increase sticks, it would be the seventh hike this year by u.s. airlines, all blame rising fuel costs. >>> walmart is downsizing. the world's largest retailer told investors thursday it plans to build hundreds of smaller outlets in coming years. construction on the first so-called express store will begin next week in gentry, arkansas. the smaller stores will be less than one-tenth the size of the average walmart. revenue for the chain is still rising overall, but sales have slowed the past year and a half. >>> and apple fans certainly know what today is. the ne

tragedy for those whose lives have been lost but also could be for japan's future pain economist nouriel roubini said the bizarre earthquake is the worst thing that can happen to japan the worst time and japan has one of the highest debt levels in the industrialized world and predictions are already coming in that this could be one of the costliest earth cost. earthquakes in world history so how would you pan pan and how's it going to affect the global economic recovery here to discuss with us at harrison the founder of the web site credit. and thanks so much for being here tonight now you know obviously it's too soon to really know exactly how this is going to affect anything the earthquake has happened but i think that we can first start to talk about some of the differences right especially if you compare with the earthquake in haiti if you compare earthquakes the massive disasters in developed vs undeveloped countries in haiti we saw a massive loss when it comes to you know loss of life in these more developed countries like japan is the whole greater on the economic front. you know one perc