October 31, 2008

Dr Doom? Gimme A Break

I'm going as Dr. Doom for Halloween. Not Mr. Fantastic's arch-nemesis, but Nouriel Roubini.

Roubini gained clout as the Economist who predicted the current Financial Crisis, in 2006.

He was scoffed at. After Roubini addressed the IMF, the MC snorted, "We'll all need a stiff drink after that one, won't we."

Roubini turned out to be right. And his Kool-Aid remains plenty harsh. He's been dubbed a Perma-Bear--a perpetual pessimist. Some call him a "seer". Like Nostradamus.

I'm just glad there are geniuses alive who can tell me what's going on.

Not only have we been in a recession since the beginning of 2008, but we are heading for, "Stag-Deflation". Some call that another word for Depression. Either way, he predicts the worst financial shock in the last 50 years. We hear that tossed around all the time. But unfortunately, this guy isn't wrong.

Fortunately, the last five years were rocky. So what. The situation remains messy. If not fluid.

I'll drink mine neat. The only meltdown I'm worried about tonight is my KitKat bar.

1 comment:

Anonymous said...

Pictures. Where are the pictures of you as Dr. Doom?