Wednesday, Jul 29, 2009
Dr Doom speaks
You Tube: Dr. Nouriel Roubini
If there is one thing you need to watch ..... this IS IT.
Posted by techieman @ 10:43 PM (1371 views) Add Comment
11 Comments
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1. little professor said...
41 minutes? How about you give us an executive summary?
2. inflation is eating my savings said...
I wonder if this chappie knows that his hosts (Yeshiva University) lost about 100M to Madoff. So much for thinking outside the box.
3. Bawlee said...
Dr Doom (because of his gloomy US housing crisis predictions back in 2006) thinks that this isn't a depression but it is a U and that the global economy will begin recovering near the end of 2009.
However, the U.S. economy is likely to grow only about 1 percent annually during the next two years and it isn't going to feel like the recession is over even when it is.
4. Fallingbuzzard said...
I spoke to this guy in 2007. He was ignored then and people discount his views now. I think he's become too optimistic. His view today. Downside risk on S&P500. Deflaton still possible because 2nd US or global stimulus less likely. Then listen for the rest. His views on credit availability are accurate. Thats where he's right and a half
5. str 2007 said...
Cheers for that one techieman, I'm 41 minutes late to bed now. Good viewing though.
6. drewster said...
Ditto on the 41 minutes... it's a long watch, and his voice is a bit muffled (at least on my tinny speakers). I wonder what the students made of his lecture?
Here's a very brief summary from the university's newsletter: Yeshiva University Observer: Economist's Foresight Yields Results. There's nothing ground-breaking in that summary though?
7. little professor said...
mp3 version for those who prefer to listen on the go:
http://www.box.net/shared/9vm70i48dx
8. Caesium said...
there might have been a V shaped recovery without the bail out.
9. Caesium said...
I'm listening now - this guy is like a mouthpiece for the IMF. He is telling the US people that they must finance the bank bailouts.
10. charlie brooker said...
Right at the very end he sees the projected 2.5 extra billion people on the planet as being a good thing.
Ponzi fodder.
11. mountain goat said...
Great point at 36.10, debunking myth that stock market is forward looking. "In 2001 the recession bottomed in November but stocks only bottomed in March 2003, 18 months later"