Monday, October 27, 2008

Nouriel Roubini Speaks

Interesting article about the (other) guy who predicted this entire melt down:

While the economic sun was shining, most other economists scoffed at Roubini and his predictions of imminent disaster. They dismissed his warnings that the sub-prime mortgage disaster would trigger a financial meltdown. They could not quite believe his view that the US mortgage giants Fannie Mae and Freddie Mac would collapse, and that the investment banks would be crushed as the world headed for a long recession.

Yet all these predictions and more came true. Few are laughing now.


What does his objectivity tell him now? No end is yet in sight to the crisis.

Read the article