Tuesday, January 27, 2009

Roubini on the State of the US Economy in 2009 and Comments About 2010

Below is a link to an interview Nouriel Roubini had with Bloomberg News. Nouriel has called much of the current crisis correctly although there have been some timing problems with some of his comments. Nouriel has been a little aggressive on some of his calls, although the calls were correct. I guess Nouriel's problem has been his inability to judge how long the US capital markets could delude themselves. By the way, Nouriel believes that the unemployment rate will peak at 9%. I suspect he is low and 10%+ is probably more likely. I believe he is giving some credit to the various stimulus packages now being proposed. I believe they will be too slow and too late to have much effect in 2009.


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