Roubini on markets

http://www.benzinga.com/media/cnbc/267748/roubini-on-markets-greece-japan
Roubini On Markets, Greece, & Japan
Economist and perpetual bear, Nouriel Roubini, from RGE Monitor, was on CNBC this morning prognosticating about the market’s crash yesterday, as well as the Greek debt crisis. He said, “Despite Thursday's unexplained surge in selling that drove the Dow down 900 points, the stock markets are being driven lower by fears over the global economy and the debt crisis spreading,” adding that Greece was just the “tip of the iceberg.”
He was fast to point out that he believed there would be a restructurings of debt in Greece, but that the wheel is already in motion, saying that “My concern is eventually, not this year, it may spread to Japan and in the US.”
“The fundamentals are those that are driving these markets," said Roubini. Debt problems are not contained to Europe, because printing money to finance debt is likely to lead to inflation and “at some point in the future even the bond market in the US risks to snap, “ he said.