Roubini Idiot

By iamned - Last updated: Sunday, May 3, 2009 - Save & Share - One Comment

Time magazine recently profiled the top 100 people of 2009. Roubini was honored as supposedly predicting the fake financial crisis and media generated recession, as well as casting doubt on Greenspan’s quantitative easing efforts.Yea… because apparently he was the only critic at the time of Alan Greenspan. Rubini may have clinical depression, which explains his incessant cynicism.
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From Wikipedia:

His pessimism is focused on the short-run rather than the medium or long-run.[2] In Foreign Policy (Jan/Feb 2009), he writes, “Last year’s worst-case scenarios came true. The global financial pandemic that I and others had warned about is now upon us. But we are still only in the early stages of this crisis. My predictions for the coming year, unfortunately, are even more dire: The bubbles, and there were many, have only begun to burst”. In conclusion, he adds, “This will be a painful year. Only very aggressive, coordinated, and effective action by policymakers will ensure that 2010 will not be even worse than 2009 is likely to be.”[12]

Roubini may know a lot about economics in terms of facts and figures, but his interpretation and predictions are wrong because that one is deluded by leftist, anti-supply side ideology, which impairs his ability to reason. He’s like a crank that yells on a street corner; stupid, angry, and ineffectual. He doesn’t understand or refuses to accept that printing money is fixing the supposed financial crisis, and restoring investor & business confidence. That’s why the stock market keeps going up without fault. Anyone who shorts the market based on that ones pessimism regarding Obama and Geithner’s stimulus & bailout efforts will lose money.

rgrg
Roubini phone home

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One Response to “Roubini Idiot”

Comment from MLSV
Time May 3, 2009 at 6:23 pm

I agree with you. Roubini is like Houdini: a “prestigiatore”. A juggler. And an idiot. Just because he guessed (yes, guessed, like when you guess the right number in the lottery) the current financial crisis it doesn´t mean that he´s going to guess the following developments in the world. Which it wasn´t difficult, by the way. Many others did the same and with more accuracy.

And he does the same mistake that any person, that had a piece of luck, does: he continues with the same strategy. The same negativity. Thinking that because he was right once, if the continues with the same strategy, he will be right in the future. A broken clock is right twice a day.

Luck never strikes twice. Not in a idiot. But a flash does.

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