Doom TV

Posted In: Crash Prophets, Economy, Housing, Recession

Robin Blumenthal of Barron’s Magazine talked to Nouriel Roubini, a former Treasury Department director under the Clinton administration and head of Roubini Global Economics in New York, about the accuracy of his gloomy economic forecasts that he made from several years ago. From MarketWatch Broadband:

MW: Well, you’ve certainly been a very accurate prophet of doom. All of the predictions that you made several years ago with regard to Fannie and Freddie, the collapse of the housing sector, have basically come to pass. So, where are we right now in the economic difficulties?
ROUBINI: I try to use a baseball metaphor. I would say we’re still in the second inning of a very long and protracted game in which we’ll have a pretty severe, long and protracted recession…

“Mr. Doom and Gloom”
MarketWatch Broadband Link

Source:

“Mr. Doom and Gloom”
MarketWatch Broadband
MarketWatch, August 4, 2008

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