Following the publication of two prior question- and-answer-style interviews, the first given by Mr. Ron Nechemia for International Finance Magazine published in May 2008 in an article titled, Guard Against the Influence Brought by Subprime Landing Crisis, at which time Mr. Nechemia announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession . In that article he also foretold of homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt.
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Mr. Ron Nechemia is the Chairman of the Board of Directors for EurOrient Financial Group, a private sector global development financial institution that is accredited by the United Nations General Assembly on Financing for Development. In May 2008, Mr. Nechemia was interviewed by International Finance Magazine regarding his outlook for the global economy and the world’s financial systems. During this interview, he announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession .
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Following the publication of two prior question- and-answer-style interviews, the first given by Mr. Ron Nechemia for International Finance Magazine published in May 2008 in an article titled, Guard Against the Influence Brought by Subprime Landing Crisis, at which time Mr. Nechemia announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession . In that article he also foretold of homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt.
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Mr. Ron Nechemia is the Chairman of the Board of Directors for EurOrient Financial Group, a private sector global development financial institution that is accredited by the United Nations General Assembly on Financing for Development. In May 2008, Mr. Nechemia was interviewed by International Finance Magazine regarding his outlook for the global economy and the world’s financial systems. During this interview, he announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession .
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