Monday, April 27, 2009

Nouriel Roubini lowers his "depression" odds

Dr. Doom changes his tune, and his name:

No, I am not Dr. Doom. I am Dr. Realist. I don't believe we are going to end up in a near depression. Six months ago I was more worried about an L-shaped near depression. Today, after the very aggressive policy actions taken by the U.S. and other countries, the risk of that near-depression L has been reduced from 30 percent to 15 or 20 percent. We are instead in the middle of a U.

Less than three weeks ago, Roubini was calling Cramer a buffoon, and saying this:

Roubini said the latest surge is just another bear market rally following the pattern of other rallies after the government intervened. He expects the market will test the previous low because of worse-than-expected macroeconomic news, disappointing earnings and because banks will fail after the stress tests come out.

"Once people get the reality check, than it's going to get ugly again," Roubini said.

Now on March 9, Roubini said that there was a 2/3 chance that the economy would enter a great depression.

Now that story has disappeared off of CNBC's website, except for the headline, "US Recession Could Last up to 36 Months."

So now the odds of a depression have gone from 66% to 20%, and now Dr. Doom wants to change his name!

To Dr. Realist!

Looks like the wrong person got the reality check!

Let me suggest a new moniker for Mr. Roubini on behalf of Mr. Cramer.

Dr. Buffoon!


Anonymous said...

Hello everybody, here every one is sharing these kinds
of experience, so it's good to read this blog, and I used to
pay a visit this webpage daily.

my blog - habubka

Anonymous said...

I've learn a few excellent stuff here. Definitely value bookmarking for revisiting.
I wonder how much effort you set to make any such fantastic informative web site.

my website ... how to shrink jeans

Anonymous said...

Consequently there isn't a bike that will like magic , refresh by itself, and you can't boost
your electric battery by pedaling for ten minutes from your travelling.
But some people may find that although they would like to cycle to work
or the shops, it's just a little too far or too hilly
and so they put it off and end up taking the car,
joining the traffic jams and getting no exercise at all.
Take your electric motorized bike on vacation with you and see more
in less time. Some of the facts that would be interesting for anyone are

My weblog; สกูตเตอร์ไฟฟ้า

Anonymous said...

I think the admin of this site is in fact working hard in support of his web page, as here
every data is quality based material.

Feel free to surf to my web blog; เบอร์สวย

Anonymous said...

However keep in mind that you have to look after him consistently.
This is another way to increase the level of intensity within the game, now that
you can have at most sixteen players playing side by side or competing against one another.
The design of the Philip Stein Fruitz Watches is inspired from the grapefruit,
honoring the numerous health benefits of this wonderful fruit.

Here is my blog - gta 5 cheats

Anonymous said...

You really make it seem so easy with your presentation but I find this matter to be really something that I think I
would never understand. It seems too complex and extremely broad for me.
I'm looking forward for your next post, I'll try to
get the hang of it!

Feel free to visit my web blog: Best wireless router 2014 ()

Anonymous said...

Hi there! I just would like to give you a big thumbs up for the
great info you have got here on this post. I am returning to your blog for more soon.

Feel free to visit my weblog - North Miami Beach driving school