18 August 2008

Nouriel Roubini Gets Profiled in the NY Times

They call him Dr. Doom.

It's a rather nice profile of Dr. Roubini, though I agree with Paul Krugman that his prediction of a housing crash was hardly unique, and that they missed what was special about his predictions, that there would be as Krugman says, "there would be large “knock-on” effects from the bursting bubble on the financial system", i.e. the credit crunch as we are currently experiencing it.

Interestingly enough, it looks like the crisis will exceed Roubini's most pessimistic projections, which is kind of scary.

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