Nouriel Roubini’s Talk at Google’s Zeitgeistminds
Chrystia Freeland introduces Dr. Roubini, reminding him that he is still known as Dr. Doom. She quips he should wear the name with pride because he was "one of the very few economists who was actually right about the crisis." This reminds me of Nassim Taleb who said recently that we shouldn’t listen to anything Tim Geithner and Paul Krugman have to say since they were blind-sided by the crisis. PBS’ Paul Solman once called Taleb and Roubini collectively "The Bon Vivants of Doom And Gloom". I kind of like that one better.
P.S. – Irving Fisher never called the Great Crash and Depression. In fact he is famous for talking about a "permanently high plateau" just before things fell apart. But Fisher still made a positive contribution to our understanding of the situation with his Debt-Deflation Theory of Great Depressions. Just sayin’.
In any event here is Nouriel Roubini’s talk. If you’ve heard his economic forecasts before, there is nothing new here. But the clip runs just over 20 minutes and gives you a more expansive understanding of why he sees the global economy as still in a world of hurt but also sees three bright spots in particular. Enjoy. (hat tip Paul Kedrosky)