Wednesday, October 12, 2011

Roubini Global Economics For Sale?

Even Roubini Global Economics is losing money. I guess I must say that it is not much of a surprise. When you make a billion predictions a year, you tend to get a few correct. But at the end of the day, the quality of your advice still matters. This is not to belittle the Nobel prize won by Roubini (edit: he didn't win shit), but some of his predictions are simply outrageous.

As my professor told me in my final year at university:
If you must forecast, forecast often. If you ever get it right, never let them forget it. 
In this case, Roubini is pretty much only remembered for "accurately" forecasting the 2008 financial crisis. I guess that's something no one is going to forget?