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Synopsis
Nouriel Roubini was right ...
Roubini warned that there was a monstrous bubble in the housing market and that the bursting of that bubble would cause much of the financial system to collapse. And so it has turned out, with even the most seemingly outlandish of Roubini's predictions matched or even exceeded by reality.
How did he do it? For the first decade of his career, Roubini, 51, was a well-regarded but hardly renowned macroeconomist. When the Asian financial crisis struck in 1997, however, he created a Web page - the forerunner of his subscription service, RGE Monitor - that became the go-to place for anyone trying to keep up with the flood of news, data and economic analysis ...
His warnings are based on sophisticated modeling and careful data analysis and have often proved right - not just in general but in detail ....
Remember, people dismissed Cassandra's dire prophecies - until they all came true.'
Paul Krugman, Time '100 Most Influential People in the Word 2009
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About the Author
Nouriel Roubini has served as a senior adviser to the White House Council of Economic Advisers and the US Treasury Department and consultant to the World Bank and IMF. As early as 2005, Roubini speculated that house prices would soon sink the economy and in 2006, warned the IMF that the United States was likely to face a catastrophic housing bust resulting in deep recession. Back then he was nicknamed 'Dr Doom' by the New York Times. In hindsight, economists have called him a prophet.
Roubini is professor of economics at the Stern School of Business, New York University and co-founder and chairman of RGE Monitor, a web-based economic consultancy firm. He speaks English, Farsi, Italian and Hebrew.
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- PublisherAllen Lane
- Publication date2010
- ISBN 10 1846142873
- ISBN 13 9781846142871
- BindingHardcover
- LanguageEnglish
- Number of pages368
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