bad when Goldman Sachs alum are noticing

[benjamen]

Base article
http://www.businessinsider.com/raoul-pal-the-end-game-2012-6
Slideshow:
http://www.businessinsider.com/raoul-pal-the-end-game-2012-6#-1

Discuss!

 

[pmbug]

Everyday, we hear some pretty grim predictions about the markets and the economy. But this is one of the more comprehensive and most gloomy outlooks we've ever seen.

Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it.

Pal previously co-managed the GLG Global Macro Fund. He is also a Goldman Sachs alum. He currently writes for The Global Macro Investor, a research publication for large and institutional investors.
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Pretty sure I don't need to spend $9.95 for a newsletter to tell me that!