He's never wrong! Alas. (But I wonder if he's got any thoughts on the World Series?)

Bloomberg (October 23, 2008): Roubini Says `Panic' May Force Market Shutdown. Friday Morning Update: Markets are becoming dysfunctional and S&P and DJIA futures trading already suspended today [RGE monitor]

Bloomberg reports US Stock Market rules would halt trading if Dow hit 7,591 [Bloomberg]

Oct. 24 (Bloomberg) -- U.S. stocks would stop trading for an hour should the Dow Jones Industrial Average decline 1,100 points to 7,591.25, based on “circuit breakers” imposed by the New York Stock Exchange.

December futures on the Dow average were barred from falling further at about 4:30 a.m. today after a drop of more than 6 percent triggered limits on the Chicago Mercantile Exchange. Once regular trading begins at 9:30 a.m., a one-hour halt will be imposed should the Dow fall 12.66 percent from yesterday’s close.

The circuit-breaker rules, which call for a 30-minute halt should the Dow decline 1,100 points in the 30 minutes after 2 p.m., expire at 2:30 p.m. They would bar trading for two hours if the Dow lost 2,200 points.

“People are scared to death,” said Ted Weisberg, president of Seaport Securities in New York, at the NYSE. “I didn’t sign up for this. Confidence and transparency are missing.”

Roubini: "So it is time to think about more radical policy actions and government interventions of the type I discussed in my London talk yesterday" (see video here; warning, it's 48 minutes)

For some reason I can't get the sound to come up on the video. Anyone care to summarize Prof. Roubini's recommendations for us?

How about Nouriel Roubini for Treasury?

And this is a good time for me to add:

We can't afford not to have single payer!