Long live Dr. Doom!

Posted: August 21, 2012 in Uncategorized
Tags: , , , ,

I love Nouriel Roubini wholehartedly. His blog posts and interviews give me amusement and pleasure, for when you’re done with it, nothing worse may happen to you. 

Dr. Doom has figured out exactly how to impress the media and the politicians.

After «predicting» the subprime affair, the 2008 financial disaster and the subsequent economic crisis, he’s long been «predicting» the collapse of the Eurozone: I predict that one day he’ll prove right, as much as you would’ve in 10 B.C., had you «predicted» the collapse of the Roman Empire.

I have never, ever heard anything constructive from Dr. Doom. I wonder what consulting engagements Roubini Global Economics may get, other than ominous hoodoo speeches or funeral ceremonies… 🙂

PS: «To predict» an economic event means to specify its date and magnitude with sufficient accuracy so as to justify the cost of the response.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s