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Thursday, April 23, 2009
7:41 PM TweetThis
  • Nouriel Roubini laughs off the "V" seekers. "My analysis of the data suggests that the global economic contraction is still in full swing with a very severe, deep and protracted U-shaped recession."
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This news story has 13 comments:

  •  
    It will be not a letter shape unless you want to use multiple WWWWs
    Apr 23 08:03 PM | Link | Reply
  •  
    At least he didn't say "L"
    Apr 23 08:05 PM | Link | Reply
  •  
    Actually, no I believe we will eventually have an "L"shape...I dont see unemployment peaking until end of 2010.
    Apr 23 08:19 PM | Link | Reply
  •  
    Roubini DID say L shaped in the past... going from L to U in his rhetoric is surprising. Thats recovery vs. sustained low growth. Interesting.
    I agree with J. remington.... WWWWWs
    Apr 23 08:37 PM | Link | Reply
  •  
    Poor Roubini, i gues he's got money in the market as well and want to advantage his position ..... how can it be a U, W, L X Y Z .... nobody can predict future ..... that's whay it's called a GAME ....
    Apr 23 08:52 PM | Link | Reply
  •  
    The real question to debate is whether you can expect a star of the current bear market like Roubini to turn positive when the time comes, history shows that is a difficult task for someone as popular as he is right now, more here:
    moneyneversleepsblog.b...

    Roubini seems to be stretching when he makes stock market calls but of course his economic work has been impressive and ahead of the crowd, have to give him that.
    Apr 23 09:01 PM | Link | Reply
  •  
    It's going to be a F..K U
    Apr 23 09:25 PM | Link | Reply
  •  
    And now the question is, what does this all mean for the stock market? The markets don't always follow the economy closely.
    Apr 23 09:41 PM | Link | Reply
  •  
    Whenever someone "laughs" off the stock market, I take notice and run for "cover." The market usually shreds confidence and has the last laugh. Roubini knows economics, so can he tell me the last time a government plowed 50% of a year's GDP into stimulus or recession-fighting government actions? Many governments doing the same in unison? What effect does a president have who restores confidence (which is what I'm seeing in the polls)? I am not predicting anything, though I tend to belong to the bear market rally camp, i.e. big big rally, lasting maybe 2 years, then a sell-off. Maybe an upside down "u" or half an "m"?
    Apr 23 09:49 PM | Link | Reply
  •  
    Roubini isn't depressed.. the dude loves to party and have a good time.. enjoying the fame for sure.

    Back to the economy, doesn't matter what letter it is, the market will have plenty of opportunities either way, just have to be ready and a little more active given the volatility...

    moneyneversleepsblog.b.../
    Apr 23 10:34 PM | Link | Reply
  •  
    The problem with these economists-turned-media pundits is that there's no end in sight once they have a prediction. You see this more obviously with market upturns: those who have always championed the boom (as some notable tech commentators did in the late 90's) don't realize when it's over. That's pretty similar to what seems to be happening here. Yes, they were right initially, but their analysis doesn't seem to change as market conditions/policy/acco... rules change.

    How many of the "original" bearish pundits such as Whitney, Taleb, or indeed Roubini himself have come out and given an approximate date when things will bottom out? And if they have said "sometime in 2010," does that factor in all the variable events that take place before that period (such as policy changes, energy prices etc.), or is it still based on their original, 2-year-old models?

    Statements such as these seem more publicity-seeking than anything else, and most of all, plain unconvincing when put under the spotlight.
    Apr 24 12:09 AM | Link | Reply
  •  
    Roubini is having his 15 minutes of fame. He guessed right about the current crash, but that doesn't give him any more likelihood of guessing right again than any of the rest of us.

    It's the same math as flipping coins. The fact you got heads has nothing to do with what the next flip will come up.
    Apr 24 12:09 AM | Link | Reply
  •  
    We don't know if it's a U or an L.
    We use the Greek alphabet and we can certainly say that Mr.Roubini missed the bottom.
    Economics is one thing. Stock markets have their own timing and psychology.
    Apr 24 02:28 AM | Link | Reply
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