Nouriel Roubini- The dark horse

Discussion in 'Trading' started by HedgefundTrader2, Jan 10, 2008.

  1. You have to be a pessimist, not some ordinary pessimist, but the ones found in dark alleys and under trash can bins sipping on leftover wine bottles and eating dirt caked crumbs between the dumpsters. This guy has a big audience of dark horses. His doom and gloom from real estate markets (where he falsely predicted a massive crash) to doom and gloom in the equities markets is unparalleled.

    Nothing sanguine and optimistic comes out of his dark mouth. Here are some quotes he recently made regarding a US recession in 2008 which we know today is not coming since Feds will be cutting rates and taking strong measures.

    "At this point the debate is not about a soft land or hard landing; it is about how hard the hard landing will be," said Nouriel Roubini, professor of economics at New York University.

    "Financial losses and defaults are spreading from sub-prime to near-prime and prime mortgages, to commercial real estate loans, to auto loans, credit cards and student loans, and sharply rising default rates on corporate bonds. A severe systemic financial crisis cannot be ruled out. This will be a much worse recession than the mild ones in 1990-91 and 2001," he said.

    All is said and done it feels like the world is about to end with this guy. No wonder he appeals to the dark sides of humans where, anxiety, depression, desperation, illness, hopelessness and doom resides.
  2. empee


    lemme guess you watch Fox News right?
  3. Sounds sweet to me... what's the prob... :D

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  4. No I donot watch Fox news. Roubini just keeps popping up without much effort.