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Portrait of Nouriel Roubini
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.
Posted by Tyler Cowen on August 17, 2008 at 08:38 AM in Economics | Permalink
Comments
"the end of the empire", he says.
HC
Posted by: Happy Camper at Aug 17, 2008 10:58:47 AM
Despite his justified pessimism about the economy, when it comes to his personal finances, Roubini is 100% invested in equities (as of this February at least).
Posted by: anon at Aug 17, 2008 11:32:53 AM
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.
Posted by: O at Aug 17, 2008 4:10:40 PM
Won't this cause confusion with Henry Kaufman, a previous Dr. Doom
Posted by: lee at Aug 17, 2008 5:45:20 PM
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.
Posted by: bee at Aug 17, 2008 10:10:46 PM
George Stigler:
"[Leon] Henderson had acquired a certain fame in Washington when he had been one of the few to predict the crash of 1937. An indulgent public had forgiven or forgotten his identical but mistaken predictions in previous years. I still label the repetition of a prediction until it comes to pass the `Henderson method'."
Memoirs of an Unregulated Economist, pp. 59-60.
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