“When the economist Anirvan Banerji delivered his response to Roubini’s talk, he noted that Roubini’s predictions did not make use of mathematical models and dismissed his hunches as those of a career naysayer.”
Yes, a career naysayer. The man, who more than likely has been predicting this for years and finally something materialized. It’s like predicting rain....6 months later it rains...and some retarded journalist declares you an authority on the weather. Typical Times.
Yes and it all depends where you make that prediction — he made his at Davos 2 years ago and it got picked up. I’ve met Dr Roubini a few times and every time I hear him talk, I feel the need to jump out of an open window. Hearing everything is going to zero over and over again can wear you down ;-)
I think it is more like the “Buy Gold” group that for 20+ years have promised large returns. True that gold finally increased, but if you had listened to their advice when originally given, you would have still had a poor return on investment today.