Comments on: Be afraid. Be very afraid.

By: Carnival of Personal Finance #167 - Highlights from the Beijing 2008 Olympics — Broke Grad Student

Mon, 25 Aug 2008 11:07:09 +0000

[...] Be Afraid. Be Very Afraid. [...]

By: copyeditorsdesk

copyeditorsdesk — Thu, 21 Aug 2008 12:30:12 +0000

LOL! He who practices to be arrogant first should learn the difference between a quip and an interjection.

By: Marty M.

Marty M. — Wed, 20 Aug 2008 10:47:10 +0000

Kevin, thanks for the link to the transcript showing what actually happened at the IMF in the fall of ‘06. It makes clear that the complex exchange between Roubini and Banerji cannot be summed up by quips, inlcuding “Great galloping ZOT!”

My take is that Roubini does add critical points to the debate, but that as a forecaster he’s in the same boat as the majority of his peers who haven’t ever forecast recession (I also don’t agree with his view that the current situation is similar to 2001).

Also, if Banerji seems critical, perhaps it is partly because he was specifically invited to be critical, no?

By: copyeditorsdesk

copyeditorsdesk — Tue, 19 Aug 2008 23:55:15 +0000

@ Kevin: Much of what Roubini opines also appears in his blog (see the link, above). Unfortunately, the site is mostly limited to subscribers and evidently is not free; apparently the rate is such that if you have to ask you can’t afford it. But you can see some of his material in the teaser copy.

By: Kevin Morton

Kevin Morton — Tue, 19 Aug 2008 22:27:47 +0000

You might want to check out the transcript of what Roubini ACTUALLY said during his 2006 IMF address (not what the NY Times puff piece claims he said) — you may be surprised. For example, he predicted that oil prices would FALL, rather than an oil shock. Here’s the link: http://www.businesscycle.com/news/press/1643/