Fisher Capital Management World News: Dr. Doom Warns Street and Washington: Heed Karl Marx’s Warning!

http://globalspin. blogs. time. com/2011/08/16/dr-doom-warns-wall-street-andwashington-heed-karl-marxs-warning/ Posted by Tony Karon Tuesday, August 16, 2011 at 4:55 pm Traders work on the floor of the New York Stock Exchange on August 15, 2011 in New York... More

http://globalspin. blogs. time. com/2011/08/16/dr-doom-warns-wall-street-andwashington-heed-karl-marxs-warning/ Posted by Tony Karon Tuesday, August 16, 2011 at 4:55 pm Traders work on the floor of the New York Stock Exchange on August 15, 2011 in New York City. (Photo: Spencer Platt / Getty Images) Read more: http://globalspin. blogs. time. com/2011/08/16/dr-doom-warns-wall-street-andwashington-heed-karl-marxs-warning/#ixzz1VJ8BAiGF Karl Marx was wrong about socialism, but he wasn?t always wrong about capitalism. That?s the warning from Nouriel Roubini, the NYU economics professor known on Wall Street as Doctor Doom ? but hailed as a prophet nonetheless ? for having warned that an economy expanding on giddy optimism, asset bubbles and ponzi-scheme paper was headed for a crash, and doing so at a time when the Washington-Wall Streetmedia consensus insisted that ?the fundamentals of our economy are sound?. But having danced on the grave of the Soviet economic system that finally implo Less