Statements by Joseph Stiglitz, who won the 2001 Nobel prize for economics:
Possible good news....
"The next president of the United States will be Barack Obama....."
The bad news......
"....In the markets, we'll see the Dow Jones index fall more steeply than we can imagine today... "
Bad news gets worse.....
"We will have other dramatic failures of financial institutions. The American economy is headed into a long recession...."
Read more Nobel laureate Stiglitz predicts Obama win, recession
