London Olympics "a complete and utter disaster"

ROUBINI: 'The London Olympics Are An Economic Failure As London Is Totally Empty'

Business Insider,

4 August, 2012

Economist Nouriel Roubini is tweeting doom about the London Olympics this morning.

From @Nouriel:

UK policymakers scared so much folks before the Olympic that London is a deserted city: non-olympic tourists are away; londoners are gone!

The Olympics are an economic failure as London is totally empty:hotels, restaurants, streets. They scared all off with crowd excess warnings

By scaring every1 to stay out of London with warnings about too many people coming here it turns that London is totally empty, a zombie city

RT @Notgiamatti The Yogi Berra effect! Nobody goes there, it's too crowded.

The West End - usually packed on any Saturday night - was an empty waste land last nite: barely a soul to be found in theaters, bars, etc

They scared away all non-olympic tourists that pack london all summer;they pushed most londoners to escape;they told 2million to work @ home

RT @_garrilla that's the 'olympic economy' - all dispacement & deadweight (oh, and hot air)

Meanwhile London retailers are begging the transport system to stop warning about congestion problems, according to Telegraph's Graham Ruddick.

Retail chief Richard Dickenson told Ruddick: “We know there is a displacement effect. Instead of normal tourists you get sports tourists, we knew that. But we didn’t expect the impact on the London catchment and commuters."

London taxi drivers have reported a 20-to-40 percent drop in income this month, with industry representative Steve McNamara calling the Games "a complete and utter disaster."

Don't miss: 43 signs that the London Olympics will be a disaster >