Find it here, he is called "Dr. Doom." Paul Krugman interprets. Nouriel was one member of a stellar Harvard Ph.d. class, including also Abhijit Banerjee and Alan Krueger, among others.
by Tyler Cowen on August 17, 2008 at 8:38 am in Economics | Permalink
Find it here, he is called "Dr. Doom." Paul Krugman interprets. Nouriel was one member of a stellar Harvard Ph.d. class, including also Abhijit Banerjee and Alan Krueger, among others.
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“the end of the empire”, he says.
HC
Roubini has always seemed to me to be the exemplar of the saying “economists have corrected predicted 8 of the last 5 recessions”. I always wonder R.G.E Moniter, his consulting firm, stays in business. Why would anyone that followed his advice in 2002 and invested based on the assumption that the “twin deficits” were doomed to unwind continue to listen to him today? He’s the Nostradamus of economists: issue enough foreboding and terrible prophesies and eventually one will come true.
Roubini major fault is his focus only on negative indiccators. He rarely discusses measures that would suggest a conclusion he is not seeking. I would ask Roubini to consider factors that are positive and those that are negative.
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