on anyone 's mind . In fact , over the summer , as I was questioning the conventional wisdom , I read an article on my television show that quoted a financial expert as saying , `` It is the strongest global market that we 've seen in the history of measuring these things . '' That 's when I realized how fast the herd was approaching the cliff . But with predictions of a recession now more common than Fed rate cuts -- and that 's saying something -- maybe now it 's time to look at a worst-case scenario . After all , considering all sides of an issue , no matter how extreme they may be , does n't make you a crazy person ; it makes you an educated one . So to understand what a real meltdown could look like , I turned to Nouriel Roubini , chairman of RGE Monitor and professor of economics at New York University 's Stern School of Business . He 's also a former adviser to the U.S. Treasury Department . Professor Roubini recently laid out what he called the `` 12 steps to financial disaster . '' Unfortunately
Editor 's note : `` Glenn Beck '' is on Headline News nightly at 7 and 9 ET . Glenn Beck says to always question conventional wisdom . NEW YORK -LRB- CNN -RRB- -- `` The people who survived the Great Depression were the ones who had money to buy when everybody else was selling . '' -- My grandfather I learned a lot from my grandfather , but that might have been the greatest lesson he ever taught me . He was n't just talking about managing money , he was talking about managing life -- and his words have stuck with me since I was a child . A few years back , I was taking a theology course and the professor recommended only the books whose authors he agreed with . I read those books , but I also asked that professor which books he thought had it completely wrong -- and I read those too . Then I made up my own mind . After all , following the herd is fine until they all run off the side of a cliff together . Less than a year ago , a recession was the last thing