frankie cooper

Roubini the Revisionist

when did roubini predict the end of the world?? what he does is give a more SOBER view of what can happen. i would rather hope for the best and prepare for the worst than to trade as if everything were fine and that this market were going to go straight up. according to your s/p predictive numbers, this will never correct.

now THAT scares me.


On May 28 09:28 AM Stock Market Sage wrote:

> Great article calling out Mr. "Banks Have to Nationalized". I was
> just talking to someone last night about how Mr. Roubini was on CNBC
> twice a day a few months ago, pictures of him at swank parties with
> models on his arm, etc. etc...
>
> Now?
>
> Not a peep about the end of the world, now he is all about recovery
> and when it will happen...
>
> Good article.

Roubini the Revisionist

funny, too - this is REALLY what he said:


"Because I said the recession is going to be over by year-end, people say I am an optimist, but I've been saying the same thing for a while," Roubini said.

"I would say compared to current consensus, I am much more bearish," he said. "Compared to other people that say it's going to be a doomsday, I could be considered an optimist."

Roubini stood by a recent article in which he mentioned the possibility of a "perfect storm" in 2010.


but then i guess the point of your article would be moot if you had originally quoted the above, right? LOL

Roubini the Revisionist

i guess time will tell....
things change and i respect anyone who can "revise" his opinion based on new developments.
your article would have had more punch if roubini had made an about-face and started singing happy songs and rainbows started shooting out of his ass, but, alas, this is not what happened. he changed his view of the near term future of the economy. big whoop.


yawn.

next time write about something with a bit more oomph.