James Altucher versus Dr. Doom (Winner: James)

Many of you will remember last year when we ask Dr. Doom, Nouriel Roubini to take a seat already!  As most of you know Dr. Doom is just that — a Doomster — a perma-pessimist.  Sadly (and mistakenly), because he is always calling for the worst, he is credited with correctly calling the credit crisis and . . . → Read More: James Altucher versus Dr. Doom (Winner: James)

Ben Bernanke and the Great Recession of 2008/2009

Writing an op-ed for NY Times, Nouriel Roubini discusses the role of Ben Bernanke in this year’s recession (link).

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Surprise, Surprise, Surprise: Roubini, Jobs, Banks, and More

The immortal words of Gomer Pyle rang out in financial headline after headline this week, “Surprise, Surprise, Surprise!”

First the banking sector became awash in surprisingly good news. Four of the US top banks smashed all earnings estimates and posted collective net profits of $13.6B for the second quarter.

Bank of America (BAC) posted . . . → Read More: Surprise, Surprise, Surprise: Roubini, Jobs, Banks, and More

Mr. Roubini, Please Have a Seat Already

From the gloomster Nouriel Roubini on Apr 23, 2009:

“Today we present some of the main conclusions of the recently released update to the RGE 2009 Global Economic Outlook: The global economy is in the middle of a synchronized contraction that will push global growth into negative territory in 2009 for the first time . . . → Read More: Mr. Roubini, Please Have a Seat Already