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2021-04-07

‘We’re seeing widespread frothiness, bubbles, risk-taking and leverage,’ warns ‘Dr. Doom’ Nouriel Roubini on state of stock-market

Roubini, was once named one of the “top 100 global thinkers” after his accurate calls about the impact of the housing crisis more than a decade ago.

MarketWatch April 6, 2021 

https://www.marketwatch.com/story/were-seeing-widespread-frothiness-bubbles-risk-taking-and-leverage-warns-dr-doom-on-state-of-stock-market-11617719690


One might not expect much from economists, but one would surely expect them to warn us of a crisis on this scale. 

In my gallery of heroes are Avinash Persaud, who told us early and often that the risk-management models on which regulators foolishly relied were absurd individually and lethal collectively

(Long list of names.....and Nouriel Roubini, of course, who was Dr Doom before almost anybody else.)

Speech given by Martin Wolf, chief economics commentator, at the FT’s annual economists’ drinks party in London 

Financial Times, 27/11 2008

https://www.internetional.se/wolfwhy081127.htm



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