I just posted a comment on an article Roubini has in Forbes. The article is good reading. What is humorus is the response it generated. This guy really has pissed some people off. Here is my "bottomline."
Roubini is simply asking if it might be better to try to stimulate domestic consumption in emerging markets so as to not do this cycle again. Can anyone seriously take issue with that? I guess you can if you thought "Great Bubble 2000's I" was great and look forward to "Great Bubble 2000's II)