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Your writing is entertaining Felix. I'm a fan of Portfolio, and enjoy your pieces regularly.
Oct 07 21:35 pm
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All Comments by Sharp45 »Roubini Was Right [View article]
But this qualifier attached to your quasi-apology makes it completely worthless:
"At some point, Nouriel will be too bearish."
What does that mean, exactly? If the S&P dives another 40% over the next 12 months, will he have been too bearish? So far it looks like he foretold this crisis pretty damn well, and took a lot of heat from journalists like yourself in the process.
At this point I'm in favor of handing over the reigns of the bailout to Roubini and a hand-picked group of economists he trusts. Better him than the all-Goldman team currently in charge. No conflict of interest with investment bankers in charge of bailing out the investment bankers, no sir....