Don’t know if you are addressing me or not, but if you are, let me respond by saying this. I don’t get involved in meaningless exercises making predictions. I’m much more comfortable discussing and explaining economic/real estate issues based on my years as an investor.
As for your statement about Roubini, he and about 20 other economists predicted dire consequences for the economy due to the housing bubble. But for the last few months Roubini has been all over the map with his latest series of predictions. Late in 2008 he was predicting a near depression. Then when that didn’t pan out, he predicted an “L” shaped recession. Now his latest prediction is a “U” shaped recession. Maybe next month he’ll predict a recovery by the 4th of July.
The fact is, Roubini was an informal advisor to the Obama administration and it looks like Obama took much of Roubini’s advice regarding massive government intervention as the solution to the housing crisis. Unfortunately, nowhere on Roubini’s website does he mention the future inflationary pressures his so called solutions will cause to the economy.
